ADP rises on Q2 revenue beat

Automatic Data Processing

29/01/2025 12:56

** Shares of payroll processor Automatic Data Processing
 ADP.O  rise 2.1% to $304.50 premarket
    ** Co posts Q2 revenue increase of 8% to $5.05 bln, compared
with analysts' estimate of $4.97 bln- LSEG data
    ** Reports Q2 adj. EPS of $2.35 per share, compared with
estimates of $2.29
    ** Second-quarter revenue was driven by healthy demand for
co's human capital management and payroll software - Maria
Black, CEO, ADP
    ** Four of 18 brokerages rate the stock "buy", 13 "hold" and
one "sell"; their median PT is $297
    ** In 2024, ADP stock rose 59.8%

 (Reporting by Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))