Market Overview

UPDATE: Paychex Posts In-Line FQ2 Profit

Related PAYX
Paychex Beats Q1 Estimates, Shares Rise
Keep an Eye on These Stocks for September 30, 2015
Do You Want An Incrementally Increasing Stable Dividend For Your Portfolio? (Seeking Alpha)

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


Related Articles (PAYX)

Get Benzinga's Newsletters