ROSELAND, N.J. (AP) _ Automatic Data Processing Inc. (ADP) on Wednesday reported fiscal fourth-quarter net income of $625.4 million.

On a per-share basis, the Roseland, New Jersey-based company said it had profit of $1.50.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The payroll and human resources company posted revenue of $4.13 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.05 billion.

For the year, the company reported profit of $2.95 billion, or $7 per share. Revenue was reported as $16.5 billion.

ADP shares have fallen 12% since the beginning of the year, while the S&P's 500 index has dropped 18%. The stock has climbed nearly 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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