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ADP Automatic Data Processing Inc

245.77
-0.57 (-0.23%)
Last Updated: 15:57:10
Delayed by 15 minutes
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

Automatic Data Processing 2Q Profit, Revenue Rise

29/01/2020 1:01pm

Dow Jones News


Automatic Data Processing (NASDAQ:ADP)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Automatic Data Processing Charts.

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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