Investing.com - IPG reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.47 on revenue of $2.22B. Analysts polled by Investing.com anticipated EPS of $0.4156 on revenue of $2.17B.
IPG shares are down 9% from the beginning of the year and are trading at $34.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.22% from the start of the year.
IPG shares lost 0.03% in pre-market trade the report.
IPG follows other major Communication Services sector earnings this month
IPG's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.75 on revenue of $68.08B.
Alphabet A had missed expectations on Tuesday with first quarter EPS of $24.62 on revenue of $68.01B, compared to forecast for EPS of $25.89 on revenue of $68.08B.
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