Automatic Data Processing Inc. (ADP) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $813.1 million, or $1.95 per share. This compares with $694.4 million, or $1.65 per share, in last year's second quarter.
Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $814.9 million or $1.96 per share for the period.
Analysts on average had expected the company to earn $1.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.9% to $4.39 billion from $4.03 billion last year.
Automatic Data Processing Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $813.1 Mln. vs. $694.4 Mln. last year.
-EPS (Q2): $1.95 vs. $1.65 last year.
-Analyst Estimate: $1.93
-Revenue (Q2): $4.39 Bln vs. $4.03 Bln last year.
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