ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal third-quarter earnings of $1.25 billion.
On a per-share basis, the Roseland, New Jersey-based company said it had net income of $3.06.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.
The payroll and human resources company posted revenue of $5.55 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.49 billion.
ADP shares have increased 1% since the beginning of the year, while the S&P's 500 index has declined 5.5%. The stock has risen 21% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADP at https://www.zacks.com/ap/ADP
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.