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NEW YORK -Interpublic Group of Cos. reported an 85% increase in net income for the fourth quarter.
The advertising concern said Tuesday that net income came to $103.2 million, or 33 cents a share, compared with $55.9 million, or 18 cents a share, in the year-earlier period.
Excluding $44.7 million in acquisition-related expenses, the company said it would have posted earnings of $144.8 million, or 46 cents a share. The mean estimate of an alysts surveyed by First Call/Thomson Financial was for earnings of 45 cents a share.
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