Investing.com - IPG reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.7 on revenue of $2.27B. Analysts polled by Investing.com anticipated EPS of $0.4302 on revenue of $2.08B.
IPG shares are up 32% from the beginning of the year, still down 9.18% from its 52 week high of $34.43 set on June 14. They are outperforming the S&P 500 which is up 15.1% from the start of the year.
IPG follows other major Services sector earnings this month
IPG's report follows an earnings missed by Netflix on Tuesday, who reported EPS of $2.97 on revenue of $7.34B, compared to forecasts EPS of $3.18 on revenue of $7.32B.
Prologis had beat expectations on Monday with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4496 on revenue of $1.01B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar