posted earnings Tuesday that beat the analysts' consensus estimate by a penny and said it expects double-digit earnings gains in 2001.
The advertising and marketing group of companies earned $144.8 million, or 46 cents a share, in the fourth quarter. In the year-ago period, Interpublic earned $107.3 million, or 35 cents a share (after restating). Eleven analysts queried by
First Call/Thomson Financial
were expecting earnings of 45 cents a share for the quarter.
Earnings were within the
guidance Interpublic issued in January.
Interpublic, which is based in New York, reported revenue of $1.6 billion, up from $1.5 billion in the year-ago period.
The company said it expects earnings in 2001 to make double-digit gains over the $1.51 earned in 2000. The current First Call estimate is $1.72.
Interpublic gains $1.06, or 2.7%, to close at $40.06 in regular-session trading on the
New York Stock Exchange