ROSELAND (dpa-AFX) - Automatic Data Processing Inc. (ADP) reported earnings for its third quarter that increased compared to the same period last year.
The company said its bottom line advanced to $532.5 million, or $1.17 per share. This was higher than $489.6 million, or $1.03 per share, in last year's third quarter.
Analysts had expected the company to earn $1.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 7.6% to $3.25 billion. This was up from $3.02 billion last year.
Automatic Data Processing Inc. earnings at a glance:
-Earnings (Q3): $532.5 Mln. vs. $489.6 Mln. last year. -Earnings Growth (Y-o-Y): 8.8% -EPS (Q3): $1.17 vs. $1.03 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $1.18 -Revenue (Q3): $3.25 Bln vs. $3.02 Bln last year. -Revenue Change (Y-o-Y): 7.6%
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