Paychex Earnings, Revenue Beat in Q1 By Investing.com
Investing.com – Paychex (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Paychex reported earnings per share at $0.89 for $1.08 billion in revenue. Investing.com polled analysts to predict EPS $0.8009 for $1.04B in revenue.
Paychex shares rose 15% over the first of the year. However, they are down 8.77% from their 52 week peak of $118.22 on August 16. The Nasdaq is also up 12.6% since the beginning of the year. They outperform them.
Paychex shares fell 0.79% pre-market after the report.
Paychex follows other major Services sector earnings this month
Paychex’s report follows an earnings beat by Costco on September 23, who reported EPS of $3.9 on revenue of $62.68B, compared to forecasts EPS of $3.58 on revenue of $61.41B.
Lululemon Athletica’s second quarter earnings beat predictions on September 8. They reported $1.65 per share on revenue $1.45 billion, which was $1.19 higher than the $1.19 forecast.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.