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BOSTON Interpublic Group today reported a first-quarter loss of approximately $63 million, or 15 cents per share, on revenue of $1.5 billion.
The numbers represent an improvement over the company’s performance in the same quarter a year ago, when IPG lost more than $125 million (or 29 cents per share) on revenue of $1.36 billion.
In organic terms, excluding acquisitions and fluctuations in currency, IPG’s Q1 organic revenue improved more than 5 percent, the company said. (The actual revenue increase exceeded 9 percent.)
IPG also said it has set aside $12 million to cover the cost of a potential fine stemming from the Securities and Exchange Commission’s long-running investigation of past accounting imbalances.
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