Investing.com - IPG reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.23 on revenue of $1.85B. Analysts polled by Investing.com anticipated EPS of $0.2 on revenue of $1.73B.
IPG shares are down 20% from the beginning of the year , still down 26.94% from its 52 week high of $25.20 set on February 14. They are under-performing the S&P 500 which is down 0.38% from the start of the year.
IPG follows other major Services sector earnings this month
IPG's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar