Investing.com - Stagwell reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stagwell announced earnings per share of $0.210 on revenue of $663.8M. Analysts polled by Investing.com anticipated EPS of $0.180 on revenue of $735.1M.
Stagwell shares are down 26.01% from the beginning of the year and are trading at $7.310 , down-from-52-week-high.
Stagwell shares lost 1.08% in intra-day trade the report.
Stagwell follows other major Communication Services sector earnings this month
Stagwell's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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