Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal third-quarter 2024 revenues of $5.25 billion, beating the analyst consensus of $5.23 billion. Revenues increased 7% Y/Y. The company reported quarterly adjusted EPS of $2.88, beating the analyst consensus of $2.79. The stock price gained after the print. Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 bps to 29.3%. Net earnings increased 14% Y/Y to $1.2 billion, and adjusted net earnings increased 13%
Automatic Data Processing is expected to publish its Q1 FY’24 earnings on October 25, reporting on a period that saw the U.S. job market remain strong.
Automatic Data Processing is expected to publish its Q4 FY’23 earnings on July 26, reporting on a period that saw the U.S. job market remain reasonably strong.
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