Automatic Data Processing (ADP) Reports Q2 Adj-EPS of $0.42, Misses by 3c; Guides FY10 Below the Street

July 30, 2009 7:44 AM EDT
Automatic Data Processing, Inc. (Nasdaq: ADP) reports Q4 EPS of $0.42, ex-items, 3 cents lower than the analyst estimate of $0.45. Revenue for the quarter was $2.1 billion, versus the consensus of $2.11 billion.

Sees FY10 sales down down 1-4% with EPS of $2.29-$2.39. The Street is currently looking for FY10 EPS of $2.44.

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