Investing.com - IPG reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.63 on revenue of $2.26B. Analysts polled by Investing.com anticipated EPS of $0.4878 on revenue of $2.17B.
IPG shares are up 67.59% from the beginning of the year, still down 3.41% from its 52 week high of $39.35 set on September 27. They are outperforming the S&P 500 which is up 20.77% from the start of the year.
IPG follows other major Services sector earnings this month
IPG's report follows an earnings beat by Netflix on Tuesday, who reported EPS of $3.19 on revenue of $7.48B, compared to forecasts EPS of $2.57 on revenue of $7.48B.
Verizon had beat expectations on Wednesday with third quarter EPS of $1.41 on revenue of $32.9B, compared to forecast for EPS of $1.36 on revenue of $33.32B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar