ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal third-quarter earnings of $1.18 billion.
The Roseland, New Jersey-based company said it had profit of $2.88 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.
The payroll and human resources company posted revenue of $5.25 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $5.22 billion.
ADP shares have risen almost 4% since the beginning of the year, while the S&P’s 500 index has climbed roughly 6%. The stock has increased slightly more than 9% in the last 12 months.
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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
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