ROSELAND (dpa-AFX) - (Adds Outlook)
Automatic Data Processing Inc. (ADP) released a profit for its fourth quarter that Increased from last year and beat the Street estimates.
For fiscal 2026, the company projects earnings per share, on a reported and adjusted basis, to grow 8% to 10% from last year and adjusted EBIT margin to improve 50 to 70 basis points. Consolidated revenue growth is expected to be 5% to 6%.
In the fourth quarter, the company's bottom line totaled $910.6 million, or $2.23 per share. This compares with $829.3 million, or $2.02 per share, last year.
Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $923.1 million or $2.26 per share for the period.
Analysts on average had expected the company to earn $2.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.5% to $5.13 billion from $4.77 billion last year.
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