Automatic Data Processing Stock News

Another day of gains for markets in Europe has seen the FTSE100 push back above 7,600, while the DAX has proved to be a bit of a laggard, due to weakn

The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Europe FTSE +0.9% at 7590 Dax +0.45% at 15653 Euro Stoxx +0.4% at 4242 Apple & AMD smash forecasts Stellar [] The post Nasdaq Jumps on Strong Earnings, ADP Payrolls Fall appeared first on Action Forex .

ADP Signals Biggest Monthly Job Loss Since 2020 COVID Lockdowns Ahead of Friday''s much-narrative-managed payrolls print, ADP''s employment report gives us the first glimpse - outside of the ugly ISM/PMI jobs sub-indices - at just how bad things could get. Everyone from talking heads, banks, The White House, and The Fed has front-run the potentially negative print, as we note that almost half of analysts'' expectations are for a drop in employment in January. Source: Bloomberg So, after December''s big surprise surge in employment (+807k) led by a jump in Services jobs (which was very much absent in the payrolls data for that month), expectations were for ADP to print a considerably lower +180k for January but as we suspected it was a huge miss with ADP printing a terrible 301k drop in jobs... Source: Bloomberg Job losses were in every size cohort and every sector. Tyler Durden Wed, 02/02/2022 - 08:19

ADP nonfarm payroll estimate for January 2022

Disappointing Private Payrolls Data for January.

This was the first negative number on ADP headline since December 2020, and the biggest monthly loss since April 2020.

U.S. Treasury yields fell early on Wednesday, with investor attention turning to ADP''s latest employment change report.

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It would be easy to forget we started out its first few trading days notching new all-time highs on both the Dow and the S&P 500.

Automatic Data Processing (ADP) CEO, Carlos Rodriguez on Q2 2022 Results - Earnings Call Transcript

Automatic Data Processing's (ADP) second-quarter fiscal 2022 earnings and revenues improve on a year-over-year basis.

Automatic Data Processing press release (ADP): Q2 Non-GAAP EPS of $1.65 beats by $0.02.Revenue of $4B (+9% Y/Y) beats by $20M.Consolidated Fiscal 2022 Outlook:Revenue growth of 8%

ADP Earnings, Revenue Beat in Q2

Automatic Data Processing (NYSE: ADP) is a very good company in a growing industry. Not only is it on track for growth but it has a strong balance sheet, is buying back shares, and has a healthy divid