EARNINGS REPORTS

EARNINGS REPORTS

Automatic Data Processing, Inc. reports 1st quarter net of $22.7 million ($.31/share) on sales of $321.1 million. In year-ago quarter, ADP earned $18.6 million ($.26/share) on sales of $271.2 million. Firm says revenue growth was aided by high transaction volumes in brokerage industry and by acquisition of Bunker Ramo.

Citicorp reports 3d quarter net income of $247 million ($1.64/share) on revenue of $2.4 billion. In year-earlier quarter, Citicorp reported earnings of $227 million ($1.60/shar

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