11:06 AM EDT, 08/01/2024 (MT Newswires) -- Stagwell ( STGW ) shares fell by nearly 5% early Thursday after the marketing and communications group reported Q2 adjusted earnings of $0.14 per diluted share, down from $0.18 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Revenue for the quarter ended June 30 was $671.2 million compared with $632.3 million a year earlier.

Analysts polled by Capital IQ expected $668.7 million.

The company reiterated its full-year adjusted EPS forecast of $0.75 to $0.88. Analysts polled by Capital IQ expect $0.78.

Price: 6.35, Change: -0.34, Percent Change: -5.01