Investing.com - ADP (NASDAQ:ADP) reported first quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.2 on revenue of $3.32B. Analysts polled by Investing.com expected EPS of $1.11 on revenue of $3.29B. That compared to EPS of $0.91 on revenue of $3.08B in the same period a year earlier. The company had reported EPS of $0.92 on revenue of $3.32B in the previous quarter.
For the year, ADP shares are up 17.13%, outperforming the Nasdaq 100 which is up 5.89% year to date.
ADP follows other major Services sector earnings this month
On Thursday, October 25, 2018, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Visa (NYSE:V) earnings beat analyst's expectations on Wednesday, October 24, 2018, with fourth quarter EPS of $1.21 on revenue of $5.43B. Investing.com analysts expected EPS of $1.2 on revenue of $5.44B
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