ADP's Revenue Rises Along With Profit
October 30 2019 - 7:49AM
Dow Jones News
By Allison Prang
Automatic Data Processing Inc.'s (ADP) profit climbed as revenue
rose more than expected and faster than costs increased.
ADP reported a profit of $582.4 million, or $1.34 a share,
compared with $505.4 million, or $1.15 a share, a year ago.
Adjusted earnings were $1.34 a share. Profit beat analysts'
estimates.
Revenue increased 5.6% to $3.5 billion. Analysts were expecting
$3.52 billion.
Expenses rose 5%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 30, 2019 07:34 ET (11:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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