ROSELAND (dpa-AFX) - Automatic Data Processing Inc. (ADP) reported a profit for its first quarter that increased from last year.
The company said its bottom line totaled $393.5 million, or $0.86 per share. This was higher than $315.7 million, or $0.68 per share, in last year's first quarter.
Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 7.7% to $2.92 billion. This was up from $2.71 billion last year.
Automatic Data Processing Inc. earnings at a glance:
-Earnings (Q1): $393.5 Mln. vs. $315.7 Mln. last year. -Earnings Growth (Y-o-Y): 24.6% -EPS (Q1): $0.86 vs. $0.68 last year. -EPS Growth (Y-o-Y): 26.5% -Analysts Estimate: $0.76 -Revenue (Q1): $2.92 Bln vs. $2.71 Bln last year. -Revenue Change (Y-o-Y): 7.7%
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