Categories Earnings, Technology
Earnings Summary: Automatic Data Processing reports higher Q3 revenue and earnings
Automatic Data Processing, Inc. (NASDAQ: ADP), a leading technology company providing human capital management solutions, Wednesday reported an increase in revenues and adjusted earnings for the third quarter of 2024
- Q3 revenues increased 7% from last year to $5.3 billion; up 6% in organic constant currency
- Employer Services revenues increased 8% on a reported basis and 7% on a constant currency basis in Q3
- PEO Services revenues increased 5% in Q3; revenues excluding zero-margin benefits pass-throughs rose 2%
- Interest on funds held for clients increased 29% to $321 million; average client funds balances rose 6% to $41.7 billion
- Net earnings advanced14% to $1.2 billion in the March quarter, and adjusted earnings increased 13% to $1.2 billion
- Earnings per share rose 15% to $2.88 in Q3; adjusted earnings increased 14% to $2.88 per share
- Third-quarter adjusted EBIT climbed 12% to $1.5 billion and adjusted EBIT margin moved up 140 basis points to 29.3%
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Kroger’s Q3 report likely to reflect consumer caution amid macro headwinds
The Kroger Co. (NYSE: KR) is preparing to report third-quarter results this week while navigating a challenging market environment. In the first half, the grocery chain's performance was not very
Estee Lauder (EL): A look at the challenges weighing down this beauty giant
Shares of The Estée Lauder Companies Inc. (NYSE: EL) rose over 2% on Monday. The stock has dropped 19% over the past three months. The beauty company had a disappointing
Hormel Foods (HRL) to report Q4 2024 earnings results, a look at what to expect
Shares of Hormel Foods Corporation (NYSE: HRL) rose over 1% on Friday. The stock has gained over 5% in the past one month. The branded food company is slated to
