Investing.com - WPP (LON:WPP) reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
WPP announced earnings per share of £0.28 on revenue of £2.57B. Analysts polled by Investing.com anticipated EPS of £0.28 on revenue of £2.62B.
WPP shares are up 20% from the beginning of the year, still down 5.75% from its 52 week high of £1,022.00 set on June 17. They are outperforming the TR UK 50 which is up 8.87% from the start of the year.
WPP shares gained 2.36% in intra-day trade following the report.
WPP follows other major Communication Services sector earnings this month
WPP's report follows an earnings beat by BT Group on July 29, who reported EPS of £0.0486 on revenue of £5.07B, compared to forecasts EPS of £0.0434 on revenue of £5.12B.
Informa had missed expectations on July 29 with second quarter EPS of £-0.06 on revenue of £688.9M, compared to forecast for EPS of £1.10 on revenue of £978.05M.
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