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.
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