UPDATE 1-Advertising group Publicis' Q1 sales beat forecasts, shares rise [Reuters]
WPP plc American Depositary Shares (WPP)
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Source: Reuters
UPDATE 1-Advertising group Publicis' Q1 sales beat forecasts, shares rise | Reuters Reuters Staff 4 Min Read * Shares climb, among top performers on Paris market * Posts organic sales growth of 1.6 pct * Confirms full-year targets * Says market environment remains difficult (Adds share price reaction, trader comment) By Mathieu Rosemain PARIS, April 19 (Reuters) - France’s Publicis on Thursday posted better-than-expected growth in underlying sales in the first quarter, driven by the rebound of it North American activities. The world’s third-biggest advertising group said net revenue amounted to 2.08 billion euros ($2.57 billion) over the period, reflecting organic growth, or change excluding the impact of acquisitions and foreign exchange, of 1.6 percent. Publicis’ shares rose sharply following its sales figures, with the stock up 4.3 percent in early session trading - among the top performers on France’s benchmark CAC-40 index. This beat a Reuters poll forecast of growth of 0.94 perc
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