ROSELAND, N.J. (AP) _ Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal fourth-quarter net income of $411.5 million.

The Roseland, New Jersey-based company said it had net income of 96 cents per share. Earnings, adjusted for non-recurring costs, were $1.14 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The payroll and human resources company posted revenue of $3.38 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.29 billion.

ADP shares have dropped 14% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased 13% 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

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