ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal second-quarter profit of $963.2 million.
The Roseland, New Jersey-based company said it had net income of $2.35 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.
The payroll and human resources company posted revenue of $5.05 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $4.97 billion.
ADP shares have increased almost 2% since the beginning of the year, while the S&P's 500 index has increased 27%. The stock has increased 25% 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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