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U.S. revenue decline drags Interpublic's Q3 earnings down 66%
Interpublic Group's earnings dropped year-over-year from $211 million to $71.6 million in the third quarter, due largely to a 5.5% decline in U.S. revenue. Even while citing good international and emerging-markets numbers and positive digital performance, chief executive Michael Roth said that "this was not enough to offset incremental client caution being felt across our industry, the effect of client losses from last year and the comparison to very strong growth in the third quarter of 2011."

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