From Barchart: 2025-01-29 11:01:00

Automatic Data Processing (NASDAQ:ADP) saw a more than 3% increase in shares after surpassing expectations in its second-quarter fiscal 2025 results. The company reported adjusted earnings per share of $2.35, beating analyst estimates of $2.30, with revenue climbing 8% to $5.05 billion.

Net earnings for ADP rose 10% to $963 million, while adjusted EBIT increased by 11% to $1.3 billion. Despite the strong financial performance, the company’s stock dipped slightly by 0.1% after the earnings announcement.

ADP maintained its full-year fiscal 2025 outlook, anticipating revenue growth between 6% and 7%, adjusted EBIT margin expansion of 30 to 50 basis points, and adjusted diluted EPS growth in the range of 7% to 9%.



Read more at Barchart:: ADP Delivers Strong Q2 Results, Shares Up 3%