Business Expansion, Acquisitions Aid ADP Amid Competition

Automatic Data Processing, Inc.’s (ADP) shares have gained 8% in the past three months, outperforming the 4.8% rally of the industry it belongs to.The company recently reported impressive second-quarter fiscal 2024 results, wherein both earnings and revenues beat their respective Zacks Consensus Estimate. Adjusted earnings per share of $2.13 beat the consensus estimate by 1.4% and grew 8.7% from the year-ago quarter’s figure. Total revenues of $4.67 billion surpassed the consensus estimate by 0.2% and impro ...