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Interpublic reports loss

Published on .

New York--Interpublic Group of Cos. Inc. reported a first-quarter net loss of $28.7 million, or 8 cents a share, compared with a pro forma profit of $76.5 million, or 20 cents a share, for the first quarter of last year. The loss was adjusted to include an investment write-down. Revenue for the quarter was down 15% to $1.42 billion.
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