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00:02Automatic data processing reported fiscal first quarter adjusted earnings of 2.82 per share,
00:08beating analyst estimates of 2.77, according to Benzinga.
00:12Revenue rose 6% year over year to $5,000 and $491 billion,
00:16topping expectations of $5,475 billion.
00:20Employer services revenue increased 6% to $3.69 billion,
00:24while professional employer organization services revenue climbed 7% to $1.81 billion.
00:31Adjusted operating margin expanded 130 basis points to 26.8%.
00:36ADP now expects fiscal 2027 revenue growth of nearly 6%,
00:40implying $23,264 billion, above estimates of 23 down to $228 billion.
00:47The company also raised its adjusted earnings growth forecast to 10% to 12%,
00:52implying $12.23 to $12.45 per share.
00:56Shares fell 2.08% in pre-market trading Wednesday, according to Benzinga ProData.
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