Investing.com - IPG reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
IPG announced earnings per share of $0.53 on revenue of $1.95B. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $1.87B.
IPG shares are down 22% from the beginning of the year and are trading at $18.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.57% 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 $1.74 on revenue of $6.44B, compared to forecasts EPS of $2.13 on revenue of $6.39B.
Costco had beat expectations on September 24 with fourth quarter EPS of $3.51 on revenue of $53.38B, compared to forecast for EPS of $2.85 on revenue of $52.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar