Automatic Data Processing (ADP)
Ever wonder how your paycheck gets into your account every payday? It's thanks to companies like Automatic Data Processing. The New Jersey–based ADP helps companies handle HR, payroll, taxes, and benefits administration in one fell swoop.
Earnings roundup: ADP, Manpower
Among the earnings stories for Tuesday, Feb. 2, from AP Financial News:
ROSELAND, N.J. (AP) - Automatic Data Processing Inc., the world's biggest payroll processor, said its quarterly profit rose 5 percent with help from a one-time tax gain and shrinking expenses.
MILWAUKEE (AP) - Staffing agency Manpower Inc. said its fourth-quarter earnings plunged 62 percent with employers still fearful of taking on more workers and unemployment hovering around 10 percent.
FORT WORTH, Texas (AP) - D.R. Horton Inc. said it posted a profit for the first time since 2007 with a gain of $192 million in the first fiscal quarter.
NEW YORK (AP) - Dow Chemical Co. said it climbed its way back to a fourth-quarter profit, driven by strength in emerging markets and gains from acquisitions.
LEXINGTON, Ky. (AP) - Lexmark International Inc. said that cost cutting helped boost its fourth-quarter profit, beating Wall Street forecasts and lifting the printer and copier maker's shares by 11 percent in premarket trading.
MENTOR, Ohio (AP) - Medical products maker Steris Corp. said its profit rose 44 percent in the fiscal third quarter compared with a year ago, when it was cutting costs by reorganizing international operations.
ST. LOUIS (AP) - Emerson Electric Co. said its first-quarter earnings and revenue fell 7 percent led by a steep falloff in sales for its industrial automation products.
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