ROSELAND (dpa-AFX) - While reporting its third-quarter financial results today, Automatic Data Processing Inc. (ADP) updated its financial outlook for fiscal 2016.
For fiscal 2016, ADP now anticipates adjusted earnings per share growth of about 12 percent, compared with its prior forecast of 11 to 13 percent growth. On a constant dollar basis, adjusted earnings per share are expected to increase about 13 percent, compared with its prior forecast of an increase of 12 to 14 percent.
The company continues to forecast full-year revenue growth at about 7 percent, or about 9 perent on a constant dollar basis. This forecast includes an anticipated negative impact of approximately one percentage point from the sale of the AdvancedMD business.
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