0946 GMT - WPP is likely to see cuts to consensus estimates after it issued guidance for 2025 top-line growth that was weaker than expected, UBS analysts say in a research note. The London-based advertising company reported a fall in like-for-like revenue less pass-through costs of 2.3% and forecast the metric would range from a flat performance to a drop of up to 2% in 2025. Moreover, WPP's suggestion that growth will be weighted to the second half is unlikely to sit well with investors, the analysts say. Shares fall 17%, which would be the stock's worst one-day percentage plunge if maintained until close. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 04:46 ET (09:46 GMT)
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