Payroll processor Automatic Data Processing Inc. (ADP) posted higher third-quarter net earnings of $482.7 million, or $0.99 a share, compared with last year's $452.4 million, or $0.92 a share. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.98 for the quarter. Analysts' estimates typically exclude one-time items.
Total revenues advanced to $3.11 billion, from $2.91 billion in the same period last year. Analysts estimated revenues of $3.11 billion for the quarter.
For fiscal 2013, the company now sees 6% - 7% growth in earnings per share from continuing operations, versus its prior forecast of 5% - 7% growth. Also, revenue growth of 6% - 7% is currently anticipated, compared with its earlier growth range of 5% - 7%.
Commenting on the third-quarter results, ADP's Chief Executive said, "Combined worldwide new business bookings for Employer Services and PEO Services grew 9%, and worldwide client revenue retention improved during this critical third quarter period. Our business segments continued to perform well driving good revenue growth and strong pretax margin expansion."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.