WPP Drops
October 19, 2007
WPP has failed to be analysts expected growth numbers. The company posted third-quarter underlying revenue growth of almost 5%, while the number crunchers were hoping for something more like 5.5%. WPP said it had still increased its market share and had not yet seen much if any impact from the liquidity crisis. It also reiterated its optimistic outlook for 2008.
Bloomberg is reporting “WPP shares slipped as much as 39 cents, or 5.6 percent, to 655 pence, the biggest drop since April 2003.
October 21, 2007 at 1:54 am
Perhaps it’s worth mentioning that a few of their clients hire external SEO firms.. This is revenue that should be going to WPP …..