ADP Earnings, Revenue Beat in Q4
2022.07.27 15:21
ADP Earnings, Revenue Beat in Q4
Investing.com – ADP reported on Wednesday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
ADP announced earnings per share of $1.5 on revenue of $4.13B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $4.05B.
ADP shares are down 11.63% from the beginning of the year, still down 12.47% from its 52 week high of $248.96 set on December 29, 2021. They are outperforming the S&P 500 which is down 17.73% from the start of the year.
ADP follows other major Information Technology sector earnings this month
ADP’s report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
