We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
WPP PLC | NYSE:WPP | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.55 | 1.09% | 51.07 | 51.67 | 50.97 | 51.37 | 136,066 | 01:00:00 |
By Nick Kostov
PARIS-- WPP PLC, the world's largest advertising holding company, Monday said that a strong quarter from its North American business helped it post a rise in sales, but warned that many of its clients continue to focus on cutting costs rather than growing revenues.
The company said sales for the three months ended Sept. 30 rose 5.9% to GBP2.9 billion from a year earlier. Analysts polled by FactSet had expected the company to report sales of GBP2.6 billion for the period.
WPP said like-for-like revenue--a metric that excludes acquisitions and disposals--rose 4.6% in the third quarter. The rise was a slight acceleration on the last quarter.
The owner of agencies including Grey and Ogilvy & Mather follows U.S. rivals Omnicom and Interpublic Group of Cos. in posting strong revenue growth in the last quarter, boosted by business in North America. Paris-based Publicis Groupe SA meanwhile disappointed investors after reporting that demand from its U.S. clientele had softened.
WPP reaffirmed its full-year targets, saying it expects full-year like-for-like net sales to grow more than 3%.
Write to Nick Kostov at Nick.Kostov@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 26, 2015 03:49 ET (07:49 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
1 Year WPP Chart |
1 Month WPP Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions