© Reuters. ADP Earnings, Revenue Beat in Q3
Investing.com – ADP reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.
ADP announced earnings per share of $2.21 on revenue of $4.51B. Analysts polled by Investing.com anticipated EPS of $2.08 on revenue of $4.46B.
ADP shares are down 24% from the beginning of the year, still down 10.72% from its 52 week high of $248.96 set on December 29, 2021. They are under-performing the S&P 500 which is down 12.4% from the start of the year.
ADP shares gained 1.38% in pre-market trade following the report.
ADP follows other major Information Technology sector earnings this month
ADP’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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