Automatic Data Processing, Inc. (ADP) reported first quarter net earnings of $284.1 million or $0.56 per share, compared to $276.9 million or $0.54 per share last year.
On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share. Analysts' estimates typically exclude special items.
Total revenues declined to $2.1 billion from $2.18 billion in the same quarter last year. Fifteen analysts estimated revenues of $2.05 billion.
The company updated its fiscal 2010 forecasts for total ADP revenues and earnings per share. Total revenues are now expected to decline 1% to 2%. The company now expects earnings per share in a range of $2.34 to $2.39, compared with $2.39 earnings per share from continuing operations in fiscal 2009 excluding favorable tax settlements in the fourth quarter.
Earlier, the company expected earnings to be in the range of $2.29 to $2.39 per share, excluding favorable tax settlements in the fourth quarter. Total revenues for fiscal 2010 were expected to decline 1% to 4%.
Analysts expect the company to earn $2.35 per share, on revenues of $8.72 billion.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.