ROSELAND, N.J. (AP) _ Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal fourth-quarter earnings of $625.4 million.
On a per-share basis, the Roseland, New Jersey-based company said it had net income of $1.50.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The payroll and human resources company posted revenue of $4.13 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.05 billion.
ADP shares have fallen 12% since the beginning of the year, while the S&P’s 500 index has declined 18%. The stock has climbed almost 6% 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
