ADP Reports Fourth Quarter and Fiscal 2018 Results; Provides Fiscal 2019 Outlook
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ADP (ADP) Tops Q4 EPS by 2c, Offers Outlook
August 1, 2018 7:02 AM EDTADP (NASDAQ: ADP) reported Q4 EPS of $0.92, $0.02 better than the analyst estimate of $0.90. Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $3.3 billion.
Fiscal 2019 Outlook
The following outlook reflects the impact of certain changes to ADPs segment reporting as well as the adoption of ASC 606, Revenue from Contracts with Customers. Accordingly, comparisons to fiscal 2018 results refer to pro-forma fiscal 2018 financials using the same methodology. Please see the included bridge of... More
