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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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.