ADP Reports Fourth Quarter and Fiscal 2017 Results; Provides Fiscal 2018 Outlook
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ADP (ADP) Misses Q4 EPS by 1c, Offers FY 18 Guidance
July 27, 2017 7:08 AM EDTADP (NASDAQ: ADP) reported Q4 EPS of $0.66, $0.01 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.04 billion.
Fiscal 2018 Outlook
Certain components of ADPs fiscal 2018 outlook and related growth comparisons exclude the impact of the following items and are discussed on an adjusted basis where applicable. Please refer to the accompanying financial tables for a reconciliation of these adjusted amounts to their closest comparable GAAP measure.
Fiscal 2017 pre-tax restructuring charges of $90 million.
Fiscal 2017 second quarter pre-tax gain on the sale of the CHSA and... More
