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WPP’s third-quarter growth lagged behind that of its rivals as worldwide economic conditions took a toll on the advertising and marketing conglomerate’s growth, the Guardian reported today.
While analysts predicted full-year growth to hit 6 percent, the company saw growth in the third quarter fall to 4.7 percent on revenues of $3.95 billion. It had previously reported growth of 6.7 percent in the first quarter of 2011 and 5.6 percent in the second quarter.
WPP’s biggest rivals, meanwhile, all delivered stronger third-quarter results, with Havas, Omnicom, and Publicis reporting respective growth rates of 7.3
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