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Letter to the Editor
Friday January 17
ADP Quarterly Profit Falls
Automatic Data Processing Inc.'s quarterly profit fell slightly as it was hurt by a weak employment market in the sluggish economy.ADP posted fiscal second-quarter profit of $262 million, or 43 cents a share, down from $265 million, or 42 cents a share, a year earlier. The per share figure increased as the company had fewer shares outstanding in the latest quarter due to share repurchases.
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