Interpublic Group Q3 Profit Down - Quick Facts

(RTTNews) - Interpublic Group of Companies, Inc. (IPG), Friday reported a decrease in the third- quarter net income, on charges related to early extinguishment of the company's 10 percent senior notes due 2017, despite higher revenues.

Net Income Available to IPG Common Stockholders was $45.4 million or $0.11 per share, compared with $68.7 million or $0.15 per share last year.

Excluding a pre-tax charge of $45.2 million related to the early extinguishment of debt, the company reported earnings of $0.17 per share.

On average, fourteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.18 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues, however, increased 1.8 percent to $1.7 billion, from prior year's $1.6 billion. Analysts had expected the company to generate revenues of $1.71 billion for the quarter.