ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Thursday reported fiscal second-quarter earnings of $413.4 million.
On a per-share basis, the Rochester, New York-based company said it had profit of $1.14.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The payroll processor and human-resources services provider posted revenue of $1.32 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.31 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYX at https://www.zacks.com/ap/PAYX
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
