Automatic Data Processing shares are trading lower after the company reported mixed Q1 financial results and reiterated guidance.
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (ADP) reported mixed Q1 financial results and reiterated its guidance, leading to a decrease in its share price.
October 25, 2023 | 2:06 pm
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ADP's mixed Q1 results and reiterated guidance have led to a decrease in its share price.
ADP's mixed Q1 results indicate that the company did not meet all expectations, which can negatively impact investor sentiment and lead to a decrease in share price. The reiteration of guidance suggests that the company's future performance is expected to remain stable, which may not be enough to offset the negative impact of the mixed results.
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