Automatic Data Processing Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Automatic Data Processing Inc. (ADP) announced a profit for its first quarter that rose from the same period last year.

The company's bottom line came in at $582.4 million, or $1.34 per share. This compares with $505.4 million, or $1.15 per share, in last year's first quarter.

Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $582.0 million or $1.34 per share for the period.

Analysts had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.7% to $3.50 billion from $3.31 billion last year.

Automatic Data Processing Inc. earnings at a glance:

-Earnings (Q1): $582.0 Mln. vs. $528.8 Mln. last year. -EPS (Q1): $1.34 vs. $1.20 last year. -Analysts Estimate: $1.33 -Revenue (Q1): $3.50 Bln vs. $3.31 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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