Investing.com - ADP (NASDAQ:ADP) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ADP announced earnings per share of $2.21 on revenue of $4.51B. Analysts polled by Investing.com anticipated EPS of $2.08 on revenue of $4.46B.
ADP shares are down 24% from the beginning of the year and are trading at $225.35 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.4% from the start of the year.
ADP shares gained 1.38% in pre-market trade the report.
ADP follows other major Information Technology sector earnings this month
ADP's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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