Investing.com - ADP reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ADP announced earnings per share of $1.86 on revenue of $4.20. Analysts polled by Investing.com anticipated EPS of $1.80 on revenue of $4.15B.
ADP shares are down 3.58% from the beginning of the year, still down 9.11% from its 52 week high of $261.59 set on August 18.
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 $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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