Automatic Data Processing's 1Q Revenue Slips Less Than 1%
October 28 2020 - 7:43AM
Dow Jones News
By Allison Prang
Automatic Data Processing Inc.'s first-quarter revenue fell
slightly while its profit increased from the comparable quarter a
year prior.
ADP said net income was $602.1 million, or $1.40 a share. Profit
rose from $582.4 million, or $1.34 a share the first quarter a year
ago.
Adjusted earnings were $1.41 a share. That topped the analyst
consensus of 99 cents a share according to FactSet.
Revenue fell less than 1% to $3.47 billion. Analysts expected
$3.28 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 28, 2020 07:28 ET (11:28 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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