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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Automatic Data Processing Inc | NASDAQ:ADP | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.27 | -1.33% | 243.0697 | 184.09 | 243.95 | 246.71 | 242.96 | 244.10 | 1,555,490 | 05:00:01 |
From Apr 2021 to Apr 2024
By Will Feuer
Automatic Data Processing Inc. raised its guidance for the fiscal year 2022, saying it now expects full-year revenue to grow 8% to 9% and adjusted earnings to grow by 12% to 14%.
The company had previously forecast revenue growth of between 7% and 8% and adjusted earnings of 11% to 13%.
It expects revenue from its employer services segment to grow by about 6%, while revenue from its PEO services segment is seen growing between 13% and 15%, the company said.
The guidance is based on an adjusted effective tax rate of about 22.5%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 26, 2022 07:43 ET (12:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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