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0 -0.000488042947779481 0.000244021473889654 -0.0058565153733529 -0.010736944851147 -0.00561493411420205 -0.00720839433870182 -0.00438994631527583
Stock impact report

Ad Giant WPP Stock Sinks on Weak Revenue Outlook [Yahoo! Finance]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Yahoo! Finance
CEO Mark Read said sales were "impacted by weaker client discretionary spend." The big London-based advertising firm also gave full-year guidance that missed estimates. U.S.-listed shares of WPP Plc ( WPP ) sank 15% Thursday when the giant advertising firm's revenue declined and it gave soft guidance as North America and China sales slid. The London-based owner of agencies including GroupM and VML reported fourth-quarter like-for-like revenue less pass-through costs fell 2.3% year-over-year. It declined 1.4% in North America and 5.1% in the U.K. For the rest of the world, revenue less pass-through costs lost 4.8%, with China dropping 21.2%. Western Continental Europe saw a gain of 1.4%. CEO Mark Read said sales were "impacted by weaker client discretionary spend." Read added that while "we remain cautious given the overall macro environment, we are confident in our medium-term targets and believe our focus on innovation, a simpler client-facing offer and operational excellenc Show less Read more
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