ADP: Fiscal Q4 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 08:54 AM ET
Last Updated - Jul 31, 2024, 08:54 AM EDT
ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal fourth-quarter profit of $829.3 million.
The Roseland, New Jersey-based company said it had net income of $2.02 per share. Earnings, adjusted for non-recurring costs, came to $2.09 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The payroll and human resources company posted revenue of $4.77 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $4.73 billion.
