Why Is Software Megacap ADP's Stock Trading Higher Today?

Published on 1 May 2024 on Benzinga via Yahoo Finance

Why Is Software Megacap ADP's Stock Trading Higher Today?

Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal third-quarter 2024 revenues of $5.25 billion, beating the analyst consensus of $5.23 billion. Revenues increased 7% Y/Y.

The company reported quarterly adjusted EPS of $2.88, beating the analyst consensus of $2.79. The stock price gained after the print.

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NASDAQ.ADP price evolution

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Why Is Software Megacap ADP's Stock Trading Higher Today?

NASDAQ.ADP price evolution

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