Paychex Earnings Exceed Expectations by $0.02, Revenue Surpasses Estimates

Paychex recently announced its first quarter earnings, reporting an earnings per share (EPS) of $1.16, surpassing analysts’ expectations of $1.14. The company’s revenue for the quarter was $1.32 billion, slightly above the consensus estimate of $1.31 billion.

The stock closed at $134.19, reflecting a 14.17% increase over the past three months and a 17.94% rise over the last year.

In the last 90 days, Paychex has recorded no positive EPS revisions, along with 11 negative revisions. The company’s financial health score is rated as “great performance.”

Overall, Paychex’s recent earnings and financial performance have garnered attention, as investors keep track of the company’s developments and upcoming reports.