Investing.com - IPG reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.82 on revenue of $2.55B. Analysts polled by Investing.com anticipated EPS of $0.8096 on revenue of $2.51B.
IPG shares are up 3% from the beginning of the year, still down 1.35% from its 52 week high of $39.98 set on February 9. They are outperforming the Dow Jones which is down 1.57% from the start of the year.
IPG follows other major Communication Services sector earnings this month
IPG's report follows an earnings beat by Alphabet C on February 1, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on February 2 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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