Investing.com - WPP (LON:WPP) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
WPP announced earnings per share of £0.443 on revenue of £5.09B. Analysts polled by Investing.com anticipated EPS of £0.49 on revenue of £2.86B.
WPP shares are up 19% from the beginning of the year, still down 12.67% from its 52 week high of £1,231.50 set on February 10. They are outperforming the Nasdaq which is down 16.67% from the start of the year.
WPP shares lost 8.59% 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 February 3, who reported EPS of £0.044 on revenue of £5.37B, compared to forecasts EPS of £0.0438 on revenue of £5.38B.
Tremor International had beat expectations on Thursday with fourth quarter EPS of £0.1975 on revenue of £102.53M, compared to forecast for EPS of £0.1778 on revenue of £85.53M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar