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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.57 | -0.23% | 245.77 | 245.70 | 245.79 | 246.71 | 244.00 | 244.10 | 247,863 | 15:57:10 |
By Dave Sebastian and Allison Prang
Automatic Data Processing Inc. (ADP) reported higher profit for the fiscal second quarter as revenue rose.
The Roseland, N.J., payroll processor posted net income of $651.6 million, or $1.50 a share, compared with $558.2 million, or $1.27 a share, in the comparable quarter a year earlier. Adjusted earnings were $1.52 a share, up 13% from the prior year.
Analysts polled by FactSet were expecting $1.44 a share, or $1.45 a share on an adjusted basis.
Revenue was $3.67 billion for the quarter, compared with $3.49 billion in the same period last year. Analysts were expecting $3.69 billion.
Write to Dave Sebastian at dave.sebastian@wsj.com and Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
January 29, 2020 07:46 ET (12:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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