Interpublic shares fell 7.46 percent at midday or $3 5/16 to $41 1/16.
In a statement, Interpublic said it was "comfortable" with 2000 earnings per share estimates of $1.49 to $1.51, compared to a restated $1.24 a share in 1999. For the first nine months of 2000, the company's earnings per share were $1.05, with the results of recent acquisitions including the purchase of independent agency Deutsch. Those results were restated from the previous $1.01 a share.
Copyright January 2001, Crain Communications Inc.