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 and are trading at £1,075.50 , down-from-52-week-high.They are outperforming the Nasdaq which is down 16.67% year to date.
WPP shares lost 8.59% in intra-day trade the report.
WPP follows other major Communication Services sector earnings this month
WPP's report follows an earnings beat by BT Group on Thursday, February 3, 2022, 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
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