August 1, 2013 / 11:53 AM / 4 years ago

Payrolls processor ADP's profit falls as expenses rise

(Reuters) - Payroll processor Automatic Data Processing Inc (ADP.O) 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.

    Reporting by Ashutosh Pandey in Bangalore; Editing by Joyjeet Das

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below