ADP Ahead of Earnings

Published on Wednesday, 28 July 2010 10:09 Written by Christian Paolinetti

New York, July 28th (TradersHuddle.com) - Shares of Automatic Data Processing, Inc. (NYSE:ADP) are trading higher by +0.17% ahead of its quarterly earnings release. ADP, the payroll company is expected to release its quarterly results on July 29^th.

Wall Street Analysts consensus calls for a profit of $0.42 a share on $2.14 billion revenue.

ADP estimates have a range of $0.05 a share. The high estimate calls for profit of $0.45 a share and the low estimate is calling for a profit of $0.4 a share, a year ago for the quarter the company reported $0.45 a share.

Automatic Data Processing, Inc. (NYSE:ADP) is a global provider of business outsourcing solutions. The Company's services include a wide range of human resource, payroll, tax and benefits administration solutions. Automatic Data also provides solutions to auto, truck, motorcycle, marine and recreational vehicle dealers. Its solutions enable employers to staff, manage, pay, and retain their employees in the United States, Canada, Europe, South America, Australia, and Asia. The Professional Employer Organization Services segment provides employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, and 401(k) plan administration for employees primarily in the United States.