Automatic Data Processing (NASDAQ:ADP) Fiscal Q4 Adjusted Earnings, Revenue Increase

Automatic Data Processing (NASDAQ:ADP) reported fiscal Q4 adjusted earnings  of $1.89 per diluted share, up from $1.50 per share a year earlier.

Analysts polled by Capital IQ expected adjusted EPS of $1.83.

Revenue for the quarter ended June 30 was $4.48 billion, compared with $4.13 billion a year earlier. Analysts surveyed by Capital IQ estimated $4.39 billion.

For fiscal 2024, Automatic Data Processing said it expects 10% to 12% in adjusted EPS growth and 6% to 7% in revenue growth. Analysts polled by Capital IQ forecast adjusted EPS of $8.92 on revenue of $18.98 billion.

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