From Investing.com: 2024-05-01 07:20:35

Automatic Data Processing Inc. (NASDAQ: ADP) exceeded analyst expectations in Q3 with an adjusted EPS of $2.88, beating estimates of $2.79. Revenue also slightly surpassed estimates at $5.25 billion. Despite a 1% stock drop post-earnings, ADP projects a 10-12% EPS increase and 6-7% revenue growth, showing confidence in future performance.

ADP’s Q3 results demonstrate steady growth and execution of its business strategy, with figures slightly surpassing analyst estimates. The company’s guidance for upcoming periods indicates optimism, with expected increases in adjusted EPS and revenue. CEO emphasizes commitment to innovation and exceptional client service as drivers of continued success.

Investors are monitoring ADP’s ability to maintain growth momentum in line with positive guidance for future quarters. Despite a slight market reaction to Q3 earnings, the company’s performance and outlook suggest a strong growth trajectory. CEO’s statement underscores focus on delivering shareholder value through innovation and service excellence.



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