WPP Earnings: Positive Signs of Growth Finally Start to Emerge

Narrow-moat-rated WPP delivered somewhat positive third-quarter results. While overall guidance for the year remained the same, the trajectory of like-for-like revenue growth finally turned in a positive direction. This is the first time like-for-like revenue growth has turned positive this year and essentially derisks management’s full-year targets. If anything, this sets up the possibility of meeting the upper half of its growth targets for the year.