Automatic Data Processing Maintains FY20 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter of fiscal 2020 on Wednesday, Automatic Data Processing Inc. (ADP) maintained its earnings and revenue growth guidance for the full-year 2020.

For fiscal 2020, ADP continues to project earnings per share to grow in a range of 14 to 16 percent and adjusted earnings per share to grow in a range of 12 to 14 percent on revenue growth between 6 and 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.16 per share on revenue growth of 6.4 percent to $15.08 billion for the year. Analysts' estimates typically exclude special items.