ADP (ADP) Tops Q3 EPS by 7c; offers guidance

April 26, 2023 7:03 AM EDT

ADP (NASDAQ: ADP) reported Q3 EPS of $2.52, $0.07 better than the analyst estimate of $2.45. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.88 billion.

Consolidated Fiscal 2023 Outlook

•Revenue growth of 8% to 9%

•Adjusted EBIT margin expansion of 125 to 150 basis points

•Adjusted effective tax rate of about 23%

•Diluted EPS growth of 16% to 17%

•Adjusted diluted EPS growth of 16% to 17%

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

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