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NEW YORK Modem Media reported its third consecutive profitable quarter on Q3 revenue of $14.6 million yesterday.
The interactive agency, 43 percent owned by Interpublic Group, recorded a third-quarter net income of $2.1 million, or 8 cents per diluted share. That is compared to $1.7 million, or 7 cents per diluted share in the like period a year ago, and $1.7 million, or 6 cents per diluted share in Q2.
The sublease of excess office space in the company’s San Francisco office added $700,000, or 2 cents per diluted share, to Q3 net income.
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