Automatic Data Processing Q2 2024 Adj EPS $2.13 Beats $2.10 Estimate, Sales $4.69B Beat $4.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Automatic Data Processing (ADP) reported Q2 2024 earnings of $2.13 per share, surpassing the consensus estimate of $2.10. Sales reached $4.69B, also beating the $4.66B estimate and marking a 6.76% increase from the same period last year.
January 31, 2024 | 11:56 am
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POSITIVE IMPACT
ADP's Q2 2024 earnings and sales exceeded analyst estimates, indicating strong performance and potential investor confidence.
ADP's earnings beat is likely to instill confidence in investors, as both EPS and sales exceeded estimates. This positive financial performance, especially the year-over-year sales growth, could lead to a short-term uptick in ADP's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100