Investing.com – ADP reported on Wednesday second quarter that missed analysts’ forecasts and revenue that fell short of expectations.
ADP (NASDAQ:) announced earnings per share of $1.52 on revenue of $3.67B. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $3.69B. That with comparison to EPS of $1.34 on revenue of $3.51B in the same period a year before. ADP had reported EPS of $1.34 on revenue of $3.5B in the previous quarter. Analysts are expecting EPS of $1.98 and revenue of $4.09B in the upcoming quarter.
ADP shares are up 4.57% from the beginning of the year and are trading at $178.30 , still down 0.88% from its 52 week high of $179.89 set on January 22. They are outperforming the S&P 500 which is up 0.95% year to date.
ADP follows other major Services sector earnings this month
ADP’s report follows an earnings beat by AT&T on Wednesday, who reported EPS of $0.89 on revenue of $46.82B, compared to forecasts EPS of $0.88 on revenue of $46.95B.
Comcast had beat expectations on January 23 with fourth quarter EPS of $0.79 on revenue of $28.4B, compared to forecast for EPS of $0.77 on revenue of $28.17B.
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