(Reuters) - Shares of the company fell as much as 7 percent after its quarterly report, which showed a loss applicable to common shareholders of $132.8 million, or 29 cents per share, for the parent company of ad agencies, including DraftFCB and McCann-Erickson.
Its loss was larger than forecast, but still narrowed from a year ago when it posted a loss $182.1 million, or 43 cents a share. Analysts had been expecting it to post a loss of 17 cents per share for this year's first quarter, according to Reuters Estimates.
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