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Paychex Earnings, Revenue Beat in Q1 By Investing.com

by Mike Robinson

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© Reuters. Paychex Earnings, Revenue Beat in Q1

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

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