Hasta La Creative!

Interpublic Group reported net income decreased 34% in the third quarter to $45.4 million, compared to $68.7 million the year before. Deutsche Bank analyst Matt Chesler in a note Friday morning called the results “disappointing.”

Revenue saw a slight boost of 1.8% to $1.7 billion, while organic revenue increased 2.8%.

Michael Roth, IPG’s Chairman and CEO, told analysts on a conference call Friday that the results were impacted by macro conditions in Europe “that remained more challenging than had been expected at the outset of this year.” He also attributed the dip in profits to investments in new business activity, such as temporary labor that accounted for 3.8% of revenues.

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