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IPG beats earnings expectations despite revenue drop, maintaining stock value around $24.50.
Interpublic Group of Companies (IPG), an advertising and marketing firm, saw its stock valued at $24.50 per share recently.
Despite a 6.9% drop in quarterly revenue to $1.92 billion, IPG beat earnings expectations with a $0.33 EPS, up from $0.30.
Institutions like Mirae Asset Global and First Trust Advisors have increased their stakes, while others like Wealth Enhancement Advisory Services have sold off shares.
Analysts rate the stock as 'Hold' with a $32.72 target price.
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IPG supera las expectativas de ganancias a pesar de la caída de ingresos, manteniendo el valor de las acciones alrededor de $24.50.