© Reuters. ADP Earnings, Revenue Beat in Q1
Investing.com – ADP reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
ADP announced earnings per share of $1.41 on revenue of $3.47B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $3.28B.
ADP shares are down 14.35% from the beginning of the year, still down 19.90% from its 52 week high of $182.32 set on February 18. They are under-performing the which is up 4.95% from the start of the year.
ADP follows other major Services sector earnings this month
ADP’s report follows an earnings beat by Verizon on October 21, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on October 20 with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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