ADP shares jump 3% after earnings top estimates, company raises outlook [MarketWatch]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: MarketWatch
ADP shares jump 3% after earnings top estimates, company raises outlook Shares of Automatic Data Processing Inc. ADP, +2.80% jumped 3% Wednesday, after the payment processor and HR services company posted better-than-expected earnings for its fiscal second quarter and raised its guidance. ADP said it had net income of $467.5 million, or $1.05 a share, in the quarter, down from $510.9 million, or $1.13 a share, in the year-earlier period. Adjusted per-share earnings came to 99 cents, ahead of the FactSet consensus of 90 cents. Revenue rose to $3.235 billion from $2.987 billion, squeaking ahead of the FactSet consensus of $3.185 billion. The company said it now expects full fiscal-year revenue growth of 7% to 8%, up from a prior forecast of 6% to 8%. it expects full-year EPS growth of 12% to 13%, up from a prior forecast of down 1% to up 1%. Shares have gained 23% in the last 12 months, while the S&P 500 SPX, +0.18% has gained 24%.
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ADP
News
- Automatic Data Processing (ADP) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
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- How to Find Strong Business Services Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- Automatic Data Processing: AI Technology And A Strong U.S. Labor Market [Seeking Alpha]Seeking Alpha
- Investors Heavily Search Automatic Data Processing, Inc. (ADP): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website