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NEW YORK — Net income at the Interpublic Group of Cos. dropped almost 50 percent in the third quarter of 2001, compared to the same period in 2000, IPG reported Tuesday.
Net income, excluding non-recurring costs, amounted to $54.5 million in the quarter, compared to $107.7 million in 2000, IPG said. Revenue during the same quarter was down 7 percent, from $1.7 billion to $1.6 billion.
While total revenue was down, revenue outside the U.S. was up almost 6 percent.
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