Investing.com - ADP (NASDAQ:ADP) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.34 on revenue of $3.51B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $3.44B. That compared to EPS of $0.99 on revenue of $3.24B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $3.32B in the previous quarter.
For the year, ADP shares are up 2.2%, under-performing the S&P 500 which is up 6.98% year to date.
ADP follows other major Services sector earnings this month
On Wednesday, AT&T reported fourth quarter EPS of $0.86 on revenue of $47.99B, compared to forecasts of EPS of $0.86 on revenue of $48.5B.
Verizon earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $1.12 on revenue of $34.28B. Investing.com analysts expected EPS of $1.09 on revenue of $34.45B
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