ROSELAND, N.J. (AP) _ Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal second-quarter profit of $647.5 million.

On a per-share basis, the Roseland, New Jersey-based company said it had net income of $1.51. Earnings, adjusted for non-recurring costs, came to $1.52 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The payroll and human resources company posted revenue of $3.7 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.58 billion.

ADP shares have declined nearly 7% since the beginning of the year, while the Standard & Poor's 500 index has risen 2.5%. The stock has decreased slightly more than 6% in the last 12 months.

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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