ADP Reports Fourth Quarter and Fiscal 2019 Results

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ADP (ADP) Tops Q4 EPS by 1c, Offers 2020 Guidance

July 31, 2019 7:05 AM EDT

ADP (NASDAQ: ADP) reported Q4 EPS of $1.14, $0.01 better than the analyst estimate of $1.13. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.5 billion.

Guidance:

Forecasting fiscal 2020 revenue to increase 6% to 7%, adjusted EBIT margin to increase 100 to 125 basis... More