Interpublic Group Of Cos Inc (IPG)

IPG's stock fell 13.32% despite beating analysts' second-quarter revenues and earnings predictions. The stock was influenced by management's view of a weak advertising market, and Wall Street's expectation for a strengthening ad market in 2023, with sales exceeding $9.7 billion this year, while the guidance only expected a 2% increase in revenues (around $9.6 billion).

https://www.fool.com/investing/2023/07/21/why-interpublic-group-stock-dropped-after-earnings/

Shares of The Interpublic Group of Companies, Inc. (IPG) fell 7.88% today ahead its schedule to release its second-quarter 2023 results on Jul 21, before the market open. Some estimates have been made by analysts, with the EPS pegged down YoY.

https://finance.yahoo.com/news/heres-expect-interpublic-ipg-q2-155100835.html