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REFILE-Payrolls processor ADP's profit falls as expenses rise
August 1, 2013 / 11:47 AM / 4 years ago

REFILE-Payrolls processor ADP's profit falls as expenses rise

Aug 1 (Reuters) - Payroll processor Automatic Data Processing Inc reported an 11 percent fall in fourth-quarter profit, hurt by higher expenses.

Net earnings from continuing operations fell to $227 million, or 47 cents per share, in the quarter ended June from $256.2 million, or 52 cents per share, a year earlier.

Total revenue climbed 7 percent to $2.81 billion, helped by an improving U.S. jobs market.

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