Automatic Data Processing (NASDAQ:ADP) reported its Q3 earnings results on Wednesday, April 27, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Automatic Data Processing beat estimated earnings by 6.25%, reporting an EPS of $2.21 versus an estimate of $2.08.

Revenue was up $411.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 0.53% drop in the share price the next day.

Here's a look at Automatic Data Processing's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Automatic Data Processing management provided guidance for FY 2022, expecting earnings between $6.92 and $7.04 per share.

To track all earnings releases for Automatic Data Processing visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.