ROSELAND, N.J. (AP) _ Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal fourth-quarter net income of $108.7 million.

On a per-share basis, the Roseland, New Jersey-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs, were 92 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The payroll and human resources company posted revenue of $3.32 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.29 billion.

For the year, the company reported profit of $1.62 billion, or $3.66 per share. Revenue was reported as $13.33 billion.

ADP shares have risen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. The stock has risen 14 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ADP at