25.10.2023 13:13:53 - dpa-AFX: Automatic Data Processing Inc. Q1 Profit Increases, beats estimates

ROSELAND (dpa-AFX) - Automatic Data Processing Inc. (ADP) released a profit
for its first quarter that increased from the same period last year and beat
the Street estimates.

The company's bottom line came in at $859.4 million, or $2.08 per share. This
compares with $779.0 million, or $1.87 per share, in last year's first quarter.

Excluding items, Automatic Data Processing Inc. reported adjusted earnings of
$859.9 million or $2.08 per share for the period.

Analysts on average had expected the company to earn $2.02 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 6.9% to $4.51 billion from $4.22
billion last year.

Automatic Data Processing Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $859.4 Mln. vs. $779.0 Mln. last year.
-EPS (Q1): $2.08 vs. $1.87 last year.
-Analyst Estimate: $2.02
-Revenue (Q1): $4.51 Bln vs. $4.22 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AUTOM. DATA PROC. DL -,10 850347 Xetra 229,150 10.05.24 17:35:36 +2,250 +0,99% 0,000 0,000 226,050 229,150

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