WPP comparable revenue tops forecasts but strong pound weighs


WPP's (WPPGY) Q1 revenues rose 1.5% to £2.57B and comparable revenue increased a better than expected 7% despite a slowdown in China.

The strong pound hurt WPP's performance by 8.1%

Profits, revenue margin and gross margin or net sales margin were above budget.

WPP, which is the world's largest advertising company, said its Q1 performance could lead to stronger FY growth than initially planned.

Shares are +0.55% in London. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs