UPDATE 1-Interpublic Group quarterly profit beats estimates

UPDATE 1-Interpublic Group quarterly profit beats estimates


Feb 10 Interpublic Group of Cos Inc reported a higher-than-expected quarterly profit on Friday, citing lower taxes and increased international sales. Interpublic, whose clients include Johnson & Johnson , Microsoft Corp and Coca-Cola Co, said revenue from international markets, which accounts for over 44 percent of total revenue, rose 3.2 percent in the fourth quarter ended Dec. 31. Advertising companies have been making the shift to digital ads as demand from clients has changed due to the decline of print media.



from Biotech News