ADP Backs Main Fiscal Year Guidance, Lowers Adjusted. Effective Tax Rate Estimate
October 30 2019 - 7:58AM
Dow Jones News
By Allison Prang
Automatic Data Processing Inc. (ADP) reaffirmed the main
components of its 2020 estimates and lowered its adjusted effective
tax rate expectation.
ADP expects an adjusted effective tax rate to 23.3%, down from
23.8%.
It still expects revenue to climb between 6% and 7% and for
earnings to rise between 14% and 16%. It still expects adjusted
earnings to rise between 12% and 14%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 30, 2019 07:43 ET (11:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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