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 , still down 33.79% from its 52 week high of $11.04 set on Friday, November 5, 2021.
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 Tuesday, October 25, 2022, 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 Wednesday, October 26, 2022 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar