IPG: Revenue Fell 7 Percent in Q3

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NEW YORK–Interpublic Group on Tuesday said worldwide revenue fell 7 percent to $1.5 billion in the third quarter, compared to the same period last year.

Earnings per share for the quarter amounted to 2 cents, as IPG said last week in a brief overview of its financial results. That’s 6 cents below IPG’s own October estimate of 8-10 cents a share, and 26 cents below a Wall Street consensus of 28 cents from the summer.

For the first nine months of 2002, revenue declined 10 percent, to $4.5



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