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ADP: Fiscal Q3 Earnings Snapshot

ROSELAND, N.J. (AP) — ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal third-quarter net income of $1.36 billion.

The Roseland, New Jersey-based company said it had net income of $3.38 per share. Earnings, adjusted for non-recurring gains, were $3.37 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share.

The payroll and human resources company posted revenue of $5.94 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.86 billion.

ADP shares have fallen 23% since the beginning of the year, while the S&P’s 500 index has risen slightly more than 4%. The stock has dropped 32% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADP at https://www.zacks.com/ap/ADP

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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