UPDATE 1-Interpublic revenue beats Street, shares rise

Newswire

* Q2 rev rises 9.7 pct to $1.62 bln vs est. $1.51 bln * Shares rise 7.8 pct in pre-market trading NEW YORK, July 29 (Reuters) - Interpublic Group of Cos Inc , the world's No. 4 advertising company, posted on Thursday a larger-than-expected rise in quarterly revenue, amid signs that the ad industry is poised for a rebound, and its shares rose over 7 percent. The company said net income rose to $105.3 million, or 15 cents a share, from $20.9 million, or 4 cents a share, a year earlier. ...

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