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Why Stagwell Is Jumping Higher Today

TheMotleyFool

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Shares of Stagwell (NASDAQ: STGW) were leaping 9.7% higher at 10:49 a.m. ET in morning trading Thursday after the marketing and communications company reported fourth-quarter earnings results that beat analyst estimates on the top and bottom lines.

Stagwell posted adjusted earnings of $0.22 per share on revenue of $708.2 million, handily thrashing Wall Street's forecast of $0.15 per share on $701.3 million.

Image source: Getty Images.

Source Fool.com

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