Why Shares of The Interpublic Group of Companies Are Soaring Today
Shares of The Interpublic Group of Companies (NYSE: IPG) are soaring today after the company reported second-quarter earnings that surpassed analyst expectations. As of 12:09 p.m. EDT on Wednesday, the stock is up 11.4%.
The Interpublic Group (IPG) is a global advertising and marketing services company. In the second quarter, IPG's revenue increased 22.5% year over year to $1.85 billion, while adjusted EPS hit $0.70. The consensus EPS estimate going into the quarter was $0.43. Beating EPS estimates by $0.27 is likely a big reason the stock is up so much today.
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Source Fool.com
