Paychex (NASDAQ:PAYX) Issues Earnings Results, Beats Expectations By $0.02 EPS
Paychex (NASDAQ:PAYX – Get Free Report) announced its earnings results on Thursday. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a return on equity of 45.97% and a net margin of 31.98%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year.
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