ADP (ADP) Tops Q2 EPS by 2c

ADP (NASDAQ: ADP) reported Q2 EPS of $1.65, $0.02 better than the analyst estimate of $1.63. Revenue for the quarter came in at $4 billion versus the consensus estimate of $3.98 billion.

Consolidated Fiscal 2022 Outlook:

• • Revenue growth of 8% to 9%
• • Adjusted EBIT margin expansion of 50 to 75 basis points
• • Adjusted effective tax rate of approximately 22.5%
• • Diluted EPS growth of 11% to 13%
• • Adjusted diluted EPS growth of 12% to 14%

For earnings history and earnings-related data on ADP (ADP) click here.

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