WPP Shares Fall After Earnings Report Shows Company Struggling in North America

CEO Mark Read says strategy review is 'underway'


Shares of WPP slipped nearly 8 percent in London this morning after advertising’s largest holding company reported slowing sales in the critical North American market during the first half of this year.

In the second quarter, like-for-like sales in North America fell 0.3 percent. They slipped 0.7 percent in the first half of 2018.

Excluding certain impacts from acquisitions and currency, total revenue climbed 2.4 percent and 1.6 percent in the second quarter and first half of 2018, respectively.

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