Paychex: Fiscal Q2 Earnings Snapshot
ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Thursday reported fiscal second-quarter net income of $392.7 million.
The Rochester, New York-based company said it had profit of $1.08 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The payroll processor and human-resources services provider posted revenue of $1.26 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $1.27 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
