Automatic Data Processing's 3Q Adjusted EPS Beats Estimates
April 29 2020 - 7:45AM
Dow Jones News
By Allison Prang
Automatic Data Processing Inc.'s profit increased in the third
quarter, while its top line was in line with analysts' consensus
and its adjusted earnings beat.
ADP's profit rose to $820.9 million, compared with $753.7
million a year prior. Its earnings were $1.90 a share, an increase
from $1.73 a share a year prior.
Adjusted earnings were $1.92 a share. According to FactSet,
analysts were expecting $1.91 a share.
Revenue was $4.05 billion, in line with Wall Street's consensus.
It rose 5.7% from a year ago.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
April 29, 2020 07:30 ET (11:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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