WPP maintains annual outlook despite revenue dip
The British advertising group reported a first quarter revenue decline of 6.7 percent on Tuesday. Management remains confident in their previous yearly forecast.
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The global advertising giant WPP PLC-SPONSORED ADR has maintained its full-year financial guidance despite acknowledging that geopolitical instability in the Middle East is creating significant near-term uncertainty. The United Kingdom-based firm confirmed it still expects a mid to high single-digit decline in like-for-like revenue, less pass-through costs, for the first half of the year.
