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Interpublic reported disappointing third-quarter results but said it expects to be in a stronger position going into 2013 than it was in going into 2012.

Interpublic Group of Cos. reported a 3.2% drop in third-quarter revenue to $1.67 billion, in part because of weaker client spending. In the U.S., the drop was more pronounced, with revenue falling 5.5%. Third quarter net income was $68.7 million, down from $208.1 million a year ago.

Interpublic CEO Michael Roth said the year has proved to be a bigger challenge than expected on the revenue front, but noted the company is managing its business in a way that will eek out revenue growth for the full year. He also pointed out that Interpublic is not alone in facing challenges, as peers including WPP and Publicis also recently reported disappointing results.

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