By Josh Beckerman

Automatic Data Processing shares rose 3.2% as the payroll processor reported second-quarter adjusted earnings above Wall Street estimates and said it is well-positioned for steady growth.

The stock was recently at $246.24 and is up about 9% over the past 52 weeks.

ADP's adjusted earnings were $2.13 a share, while analysts polled by FactSet expected $2.10. Revenue rose 6% to $4.67 billion.

ADP reiterated guidance for fiscal 2024 adjusted earnings growth between 10% and 12%.

Write to Josh Beckerman at josh.beckerman@wsj.com


(END) Dow Jones Newswires

01-31-24 1316ET