31.01.2024 13:05:09 - dpa-AFX: Automatic Data Processing Inc. Q2 Profit Increases, beats estimates
ROSELAND (dpa-AFX) - Automatic Data Processing Inc. (ADP) revealed a profit
for its second quarter that increased from last year and beat the Street
estimates.
The company's earnings totaled $878.4 million, or $2.13 per share. This
compares with $813.1 million, or $1.95 per share, in last year's second quarter.
Excluding items, Automatic Data Processing Inc. reported adjusted earnings of
$880.5 million or $2.13 per share for the period.
Analysts on average had expected the company to earn $2.10 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 6.4% to $4.67 billion from $4.39
billion last year.
Automatic Data Processing Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $878.4 Mln. vs. $813.1 Mln. last year.
-EPS (Q2): $2.13 vs. $1.95 last year.
-Analyst Estimate: $2.10
-Revenue (Q2): $4.67 Bln vs. $4.39 Bln last year.
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