Tuesday, October 30, 2007 8:11:10 AM
ADP- (47.18) Automatic Data beats by $0.02, beats on revs; guides FY08 EPS to high end of prior guidance (ADP) 47.18 : Reports Q1 (Sep) earnings of $0.45 per share, $0.02 better than the Reuters Estimates consensus of $0.43; revenues rose 13.5% year/year to $1.99 bln vs the $1.97 bln consensus. Co issues upside guidance for FY08, sees EPS at high end of prior $2.12-2.18 guidance vs. $2.16 consensus; now sees FY08 rev growth of 12-13%, up from 12% prior guidance. This now equates to FY08 revs of $8.74-8.81 bln vs. $8.67 bln consensus.
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