Investing.com - IPG reported on Friday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
IPG announced earnings per share of $0.63 on revenue of $2.30. Analysts polled by Investing.com anticipated EPS of $0.59 on revenue of $2.3B.
IPG shares are down 12% from the beginning of the year, still down 29.59% from its 52 week high of $39.98 set on February 9.
IPG follows other major Communication Services sector earnings this month
IPG's report follows an earnings beat by AT&T on Thursday, who reported EPS of $0.68 on revenue of $30B, compared to forecasts EPS of $0.61 on revenue of $29.87B.
Netflix had beat expectations on Tuesday with third quarter EPS of $3.1 on revenue of $7.93B, compared to forecast for EPS of $2.18 on revenue of $7.85B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar