ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Tuesday reported fiscal first-quarter earnings of $383.8 million.
On a per-share basis, the Rochester, New York-based company said it had net income of $1.06. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The payroll processor and human-resources services provider posted revenue of $1.54 billion in the period, meeting Street forecasts.
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