Automatic Data Processing Q4 Adj EPS $1.89 Beats $1.83 Estimate, Sales $4.48B Beat $4.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (NASDAQ:ADP) reported Q4 earnings of $1.89 per share, beating the analyst consensus estimate of $1.83 by 3.28 percent. This is a 26 percent increase from the same period last year. The company also reported quarterly sales of $4.48 billion, beating the analyst consensus estimate of $4.39 billion by 2.00 percent, a 8.47 percent increase from the same period last year.
July 26, 2023 | 11:01 am
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POSITIVE IMPACT
ADP's Q4 earnings and sales beat estimates, with a significant YoY increase. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
ADP's better-than-expected Q4 earnings and sales, along with a significant YoY increase, indicate a strong financial performance. This could boost investor confidence in the company's growth prospects, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100