WPP Q3 Trading Update: Revenue Up 1.4%, Up 4.1% On Like-For-Like (LFL) Basis; LFL Revenue Less Pass-Through Costs Up 0.5%
Portfolio Pulse from Benzinga Newsdesk
WPP's Q3 trading update shows a 1.4% increase in revenue, with a 4.1% rise on a like-for-like basis. Revenue less pass-through costs increased by 0.5% on a like-for-like basis.
October 23, 2024 | 11:05 am
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POSITIVE IMPACT
WPP's Q3 results show modest revenue growth, with a 1.4% increase overall and a 4.1% rise on a like-for-like basis. Revenue less pass-through costs grew by 0.5% LFL, indicating stable performance.
The reported revenue growth, especially on a like-for-like basis, suggests a positive short-term impact on WPP's stock price. The modest increase in revenue less pass-through costs indicates stable operational performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100