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Wall Street analysts have lowered their expectations as agency holding companies prepare to release third-quarter financial results this week.
Of particular concern is Interpublic Group, but all agency holding companies are expected to feel the effects of a sluggish economy and the impact of the terrorist attacks of Sept. 11.
Even Omnicom Group’s “unique positive trading pattern around quarterly earnings releases . . . will be put to the test in Q3 given the heightened level of uncertainty across the media landscape,” said Salomon Smith Barney, in an Oct.
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