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UPDATE: Paychex Posts In-Line FQ2 Profit

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Paychex (NASDAQ: PAYX) reported a 5.3% rise in its fiscal second-quarter earnings.

Paychex's quarterly profit surged to $147.9 million, or $0.41 per share, from $140.4 million, or $0.39 per share, in the year-ago period.

Its revenue surged 4.3% to $569.4 million. However, analysts expected a profit of $0.41 per share on revenue of $573 million.

Its operating margin rose to 40.4% from 39.9%.

Paychex shares closed at $33.05 yesterday.

Posted-In: profitEarnings News

 

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