Investing.com - ADP (NASDAQ:ADP) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.77 on revenue of $3.85B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $3.91B. That compared to EPS of $1.52 on revenue of $3.69B in the same period a year earlier. The company had reported EPS of $1.34 on revenue of $3.51B in the previous quarter.
For the year, ADP shares are up 25.37%, broadly in line with the Nasdaq 100 which is up 25.53% year to date.
ADP follows other major Services sector earnings this month
On Thursday, April 25, 2019, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings beat analyst's expectations on Wednesday, April 24, 2019, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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