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Interpublic Group can thank its wise investment in Facebook for strong third quarter financial results. After selling half of its stake in the social network in August for $132 million, on Friday IPG reported a dramatic jump in its profit for the quarter, to just over $208 million.That's more than four times the $42.4 million profit the company reported during the same quarter last year.
For shareholders, this means earnings of 40 cents per shares compared to eight cents per share year over year.
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