Orlando, FL -- (SBWIRE) -- 10/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Interpublic Group of Companies Inc(NYSE:IPG), JetBlue Airways Corporation(NASDAQ:JBLU).
Interpublic Group of Companies Inc(NYSE:IPG) shares jumped 1.71% to $16.62. The company on Oct. 18 said that its third-quarter net income declined 34 percent, pulled down by a charge. For the three months ended Sept. 30, Interpublic's net income after preferred dividends was $45.4 million, or 11 cents per share. That's down from $68.7 million, or 15 cents per share, a year earlier. Stripping out the charge, earnings were 17 cents per share. Revenue rose 2 percent to $1.7 billion from $1.67 million, with U.S. revenue rising while international revenue edged down slightly. Analysts predicted earnings of 18 cents per share on revenue of $1.71 billion.
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JetBlue Airways Corporation(NASDAQ:JBLU) shares decreased 3.85% to $7.24. The company on Oct. 29 said it missed estimates for quarterly profit as costs rose, and the airline said it would delay Embraer jet deliveries over the next three years to save money.
Net income rose 58 percent to $71 million, or 21 cents a share, in the seasonally strong third quarter, from $45 million, or 14 cents a share, a year earlier, as JetBlue flew fuller planes. Analysts expected profit of 22 cents a share, on average, according to Thomson Reuters I/B/E/S. Quarterly revenue rose 10 percent to $1.44 billion, while total costs rose 8 percent.
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