BUZZ-Interpublic Group falls on weak fourth quarter results

Reuters
02-12
BUZZ-Interpublic Group falls on weak fourth quarter results

** Shares of advertising company Interpublic Group IPG.N fall 2.4% to $26.51 in early trading

** Co reports Q4 revenue of $2.43 bln missing analysts' ests. Of $2.52 bln - LSEG

** On an adjusted basis, co posts Q4 earnings of $1.11 vs ests. Of $1.17

** The company saw a more than 3% fall in revenue from the U.S. and the UK in the fourth quarter. In Europe, revenue dropped 3% and Asia Pacific reported a decline of around 8%

** In 2024, the stock fell 14.2%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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