ADP: Fiscal Q1 Earnings Beat Expectations
FROM THE WIRE · FINANCE.YAHOO.COM
ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal first-quarter net income of $1.13 billion. On a per-share basis, the Roseland, New Jersey-based company said it had net income of $2.83. Earnings, adjusted for…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above analyst estimates for earnings and revenue are relevant for the payroll services company's stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01ADP reported fiscal first-quarter net income of $1.13 billion, or $2.83 per share.
- 02Adjusted earnings were $2.82 per share versus an average estimate of $2.78.
- 03Revenue was $5.49 billion, above the expected $5.47 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets