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.

Image source: Getty Images.

Continue reading

Source Fool.com