Investing.com - WPP (LON:WPP) ADR reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
WPP ADR announced earnings per share of £1.95 on revenue of £3.57B. Analysts polled by Investing.com anticipated EPS of £1.95 on revenue of £3.66B.
WPP ADR shares are up 20% from the beginning of the year, still down 10.11% from its 52 week high of £72.29 set on June 7. They are outperforming the TR UK 50 which is up 8.87% from the start of the year.
WPP ADR shares gained 3.39% in pre-market trade following the report.
WPP ADR follows other major Communication Services sector earnings this month
WPP ADR's report follows an earnings beat by Alphabet C on July 27, who reported EPS of £27.26 on revenue of £61.88B, compared to forecasts EPS of £19.33 on revenue of £56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of £3.61 on revenue of £29.08B, compared to forecast for EPS of £3.04 on revenue of £27.85B.
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