ADP
$165.54
Automatic Data Procs
$1.09
.66%
Earnings Details
3rd Quarter March 2019
Wednesday, May 1, 2019 7:00:00 AM
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Summary

Automatic Data Procs Beats

Automatic Data Procs (ADP) reported 3rd Quarter March 2019 earnings of $1.77 per share on revenue of $3.8 billion. The consensus earnings estimate was $1.69 per share on revenue of $3.9 billion. The Earnings Whisper number was $1.72 per share. Revenue grew 4.2% on a year-over-year basis.

The company said it now expects fiscal 2019 earnings of $5.39 to $5.44 per share with revenue at the lower-end of its previous guidance range of $14.13 billion to $14.26 billion. The company's previous guidance was earnings of $5.30 to $5.39 per share and the current consensus earnings estimate is $5.37 per share on revenue of $14.25 billion for the year ending June 30, 2019.

Automatic Data Processing is the provider of technology-based outsourcing solutions to employers and vehicle retailers and manufacturers.

Results
Reported Earnings
$1.77
Earnings Whisper
$1.72
Consensus Estimate
$1.69
Reported Revenue
$3.85 Bil
Revenue Estimate
$3.90 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

ADP Reports Third Quarter Fiscal 2019 Results

ROSELAND, N.J., May 1, 2019 /PRNewswire/ -- ADP® (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its third quarter fiscal 2019 financial results along with its updated fiscal 2019 outlook through an earnings release available on the company's website at investors.adp.com/events-and-presentations. This earnings release is also furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and available at sec.gov.

As previously announced, ADP will host a conference call for financial analysts today, Wednesday, May 1, 2019 at 8:30 a.m. ET. The conference call will be webcast live on ADP's website at investors.adp.com and will be available for replay following the call. A slide presentation accompanying the webcast is also available at investors.adp.com/events-and-presentations.

Supplemental financial information including schedules of quarterly and full year reportable segment revenues and earnings for fiscal years 2017 and 2018, as well as quarterly details of the fiscal 2019 results from the client funds extended investment strategy, are posted to ADP's website at investors.adp.com. ADP news releases, current financial information, SEC filings and Investor Relations presentations are accessible at the same website.

About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people.  Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, LLC.

Copyright © 2019 ADP, LLC. All rights reserved.

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SOURCE ADP, LLC