ADP private payrolls slow to 44,000 in July as Disney, Eli Lilly, CVS, and Shopify beat earnings

MacroEarnings

โดย Zacks Investment Research·

Summary · why it matters

U.S. private-sector employment rose by 44,000 jobs in July, according to ADP, falling short of the 75,000 forecast and less than half the downwardly revised 95,000 from June. Goods-producing jobs declined by 3,000, while services added 47,000 positions. By company size, small businesses with fewer than 50 employees added 23,000 jobs, medium-sized firms added 8,000, and large companies with more than 500 employees gained 13,000. Education and healthcare led sector gains with 36,000 new jobs, while leisure and hospitality lost 11,000 positions. Wage growth for job stayers averaged 4.4 percent, while job changers saw a 7.0 percent increase. In earnings, Walt Disney reported fiscal third-quarter earnings of $2.06 per share on revenues of $25.25 billion, beating earnings estimates but missing on revenue. Eli Lilly posted second-quarter earnings of $8.38 per share on revenues of $22.97 billion, far exceeding expectations. CVS Health reported earnings of $2.58 per share on sales of $106.1 billion, topping estimates, though cautious guidance sent shares down 8 percent. Shopify shares surged 20 percent after reporting earnings of $0.42 per share, three cents above estimates.