Automatic Data Processing, Inc. (NASDAQ: ADP) reported a sharp increase in adjusted earnings for the third quarter of 2023, aided by a 9% growth in revenues. The technology company also provided guidance for fiscal 2023.
Third-quarter net income was $1.04 billion or $2.51 per share, compared to $928.5 million or $2.21 per share in the same period of last year. Adjusted earnings moved up 14% year-over-year to $2.52 per share.
Third-quarter revenues rose 9% annually to $4.93 billion, lifting the bottom line. The management continues to expect full-year revenue to grow between 8% and 9%.
“Our innovative HCM solutions continue to meet and exceed the expectations of our clients and prospects, and we are proud to provide the trusted expertise they need to navigate the changing environment,” said ADP’s CEO Maria Black.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) ended fiscal 2023 on a positive note, delivering strong results for the fourth quarter. In the new fiscal year, the company’s focus will be
Shares of Signet Jewelers Limited (NYSE: SIG) were down over 2% on Friday. The stock has gained 40% year-to-date and 27% over the past three months. The jewelry retailer saw
eSignature service provider DocuSign, Inc. (NASDAQ: DOCU) reported higher revenues and better-than-expected adjusted earnings for the third quarter of 2024. The company also provided guidance for the fourth quarter and