The Latest Breaking News from ADP

The Challenger job-cut report for May is scheduled for release at 7:30 a.m. ET. The ADP national employment report for May will be released at 8:15 a.m. ET. Analysts expect private payrolls rising 240,000 in May following a 247,000 increase in the previous month.

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years by 3.68% on an annualized basis producing an average annual return of 10.45%. Currently, Automatic Data Processing has a market capitalization of $92.97 billion.

U.S. companies added in April the fewest jobs in the pandemic recovery, underscoring the persistent challenges faced by small firms to increase headcount in a tight labor market.

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The ADP national employment report for April will be released at 8:15 a.m. ET. Analysts expect private payrolls increasing 398,000 in April following a 455,000 increase in the previous month.

Automatic Data Processing, Inc (NASDAQ:ADP) reported third-quarter FY22 revenue growth of 10% year-on-year to $4.51 billion, beating the consensus of $4.46 billion. Employer services revenue rose 8% Y/Y to $3 billion, PEO services revenue grew 14% Y/Y to $1.51 billion. Non-GAAP EPS of $2.21 beat the consensus of $2.08. The adjusted EBIT margin…

Review meeting conducted

Acadia Pharmaceuticals Inc (NASDAQ:ACAD) announced the primary endpoint miss of the phase 2 POC study of ACP-044 in acute postoperative pain following bunionectomy, a surgical procedure that moves toes back into the correct position.  RBC Capital Markets writes that although trends of pain reduction were observed in the 400 mg QID ACP-044 arm compared…

Financial support will also be available to those who choose to challenge an initial award decision.

Employment growth at U.S. companies in March advanced strongly, indicating higher wages are helping firms fill a near-record number of vacancies.