Investing.com - IPG reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
IPG announced earnings per share of $0.86 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $0.8031 on revenue of $2.28B.
IPG shares are up 11% from the beginning of the year and are trading at $26.30 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.13% from the start of the year.
IPG follows other major Services sector earnings this month
IPG's report follows an earnings beat by Amazon.com on February 2, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on February 2 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
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