RTTNews | Jan 26, 2022 07:05AM EST

07:04 Wednesday, January 26, 2022 (RTTNews.com) - Automatic Data Processing Inc. (ADP) reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $694.4 million, or $1.65 per share. This compares with $647.5 million, or $1.51 per share, in last year's second quarter.

Excluding items, Automatic Data Processing Inc. reported adjusted earnings of $696.7 million or $1.65 per share for the period.

Analysts on average had expected the company to earn $1.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.9% to $4.03 billion from $3.70 billion last year.

Automatic Data Processing Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $694.4 Mln. vs. $647.5 Mln. last year.-EPS (Q2): $1.65 vs. $1.51 last year.-Analyst Estimate: $1.63-Revenue (Q2): $4.03 Bln vs. $3.70 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3257356/automatic-data-processing-inc-q2-profit-increases-beats-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved