Automatic Data Processing, Inc. (ADP) reported second quarter net earnings of $315.8 million or $0.62 per share, compared to $300.5 million or $0.59 per share last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share. Analysts' estimates typically exclude special items.
Total revenues were $2.204 billion, compared to $2.203 billion in the same quarter a year earlier.
Sixteen analysts estimated revenues of $2.17 billion.
The company now expects to achieve the high end of its full-year 2010 earnings per share from continuing operations forecast of $2.34 to $2.39 compared with $2.39 earnings per share from continuing operations in fiscal 2009, which excludes favorable tax items in both years. The company now anticipates full-year total revenues will be flat to slightly down, compared with its previous estimate of down 1% to 2%.
Analysts expect the company to earn $2.39 per share, on revenues of $8.78 billion.
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