Stock Groups

ADP Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

[ad_1]

© Reuters. The Revenue Beat in Q1 by ADP, Earnings and Revenue beat by ADP

ADP announced Wednesday that it had exceeded analysts’ expectations and that the first quarter of its fiscal year was a success.

ADP posted earnings per share (EPS) of $1.65 for $3.82B in revenue. Investing.com polled analyst to predict EPS at $1.49 for revenues of $3.75B.

ADP shares were up 37.46% at the beginning of this year. They are down 0.61% from October 26’s 52-week peak of $220.14. They are outperforming the S&P 500 which is up 21.8% from the start of the year.

ADP’s earnings are in line with other services sector majors this month

ADP’s latest report is following an earnings beat by Visa A, which reported EPS $1.62 on revenue $6.56B on Tuesday. This compares to the forecasts of EPS $1.55 for revenue $6.52B.

Netflix beat all expectations with its third quarter earnings per share (EPS) of $3.19 on $7.48B in revenue, as compared to the forecast of EPS at $2.57 for $7.48B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by market makers. As such, they may be incorrect and different from market prices. This means that prices cannot be used to trade. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.



[ad_2]