Automatic Data Processing Inc. (ADP) announced a profit for its first quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $1.013 billion, or $2.49 per share. This compares with $956.3 million, or $2.34 per share, last year.
Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $1.013 billion or $2.49 per share for the period.
Analysts on average had expected the company to earn $2.44 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.1% to $5.175 billion from $4.832 billion last year.
Automatic Data Processing Inc. earnings at a glance (GAAP) :
-Earnings: $1.013 Bln. vs. $956.3 Mln. last year.-EPS: $2.49 vs. $2.34 last year.-Revenue: $5.175 Bln vs. $4.832 Bln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.