WPP Third Quarter Trading Update 2018
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/18/2026
- Tech selloff weighs down Wall Street as bond yields climb
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Wall Street indexes slip as oil prices rise, retail results awaited
- Tech selloff weighs down Wall Street as bond yields climb
- Micron rises as White House presses Apple to avoid Chinese memory chips
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
- Francisco Partners to acquire Weave Communications for $650M
WWP, Plc (WPP) Sinks on Q3 Update, Lower Outlook
October 25, 2018 8:28 AM EDTWWP, Plc (NYSE: WPP) is trading down 19% in pre-open trade after reported its Third Quarter Trading Update and providing a more cautious outlook for the year. Third quarter reported revenue down 0.8% at £3.758 billion, impacted by currency headwinds of 2.0%. Constant currency revenue up 1.2%, like-for-like revenue up 0.2%.
For 2018, the company said like-for-like revenue less pass-through costs growth is likely to be down 0.5% 1.0%. The company forecast operating margin to revenue less pass-through costs is likely to be down in the range of 1.0 1.5 margin points.
Mark Read, Chief Executive Officer, WPP, stated:
Turning around WPP requires... More
