RTTNews | Jul 29, 2020 07:20AM EDT

07:19 Wednesday, July 29, 2020 (RTTNews.com) - Automatic Data Processing Inc. (ADP) released a profit for fourth quarter that decreased from last year.

The company's profit came in at $411.5 million, or $0.96 per share. This compares with $475.5 million, or $1.09 per share, in last year's fourth quarter.

Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $493.0 million or $1.14 per share for the period.

Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $3.38 billion from $3.48 billion last year.

Automatic Data Processing Inc. earnings at a glance:

-Earnings (Q4): $493.0 Mln. vs. $497.9 Mln. last year.-EPS (Q4): $1.14 vs. $1.14 last year.-Analysts Estimate: $0.96-Revenue (Q4): $3.38 Bln vs. $3.48 Bln last year.

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