RTTNews | Feb 10, 2021 07:51AM EST

07:50 Wednesday, February 10, 2021 (RTTNews.com) - Interpublic Group Of Companies Inc. (IPG) announced a profit for fourth quarter that dropped from the same period last year.

The company's profit came in at $112.3 million, or $0.28 per share. This compares with $328.9 million, or $0.84 per share, in last year's fourth quarter.

Excluding items, Interpublic Group Of Companies Inc. reported adjusted earnings of $339.8 million or $0.86 per share for the period.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.1% to $2.55 billion from $2.90 billion last year.

Interpublic Group Of Companies Inc. earnings at a glance:

-Earnings (Q4): $339.8 Mln. vs. $344.4 Mln. last year.-EPS (Q4): $0.86 vs. $0.88 last year.-Analysts Estimate: $0.80-Revenue (Q4): $2.55 Bln vs. $2.90 Bln last year.

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