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Interpublic Group of Cos. missed analyst’s first-quarter earnings expectations and issued a profit warning for the rest of the year.
The advertising giant expects to report second-quarter earnings from operations of 40 cents to 45 cents a share and full-year earnings of $1.40 to $1.45 a share. The mean estimates of analysts surveyed by Thomson Financial/First Call were for earnings of 61 cents a share for the second quarter and $1.67 a share for the year.
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