Investing.com - IPG reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.63 on revenue of $2.38B. Analysts polled by Investing.com anticipated EPS of $0.5843 on revenue of $2.32B.
IPG shares are down 3% from the beginning of the year, still down 25.14% from its 52 week high of $39.98 set on February 9. They are outperforming the S&P 500 which is down 16.92% from the start of the year.
IPG shares lost 1.74% in pre-market trade following the report.
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 $0.65 on revenue of $29.64B, compared to forecasts EPS of $0.6088 on revenue of $29.53B.
Netflix had beat expectations on Tuesday with second quarter EPS of $3.2 on revenue of $7.97B, compared to forecast for EPS of $2.96 on revenue of $8.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar