Paychex Earnings, Revenue Beat in Q2 By Investing.com

© Reuters. Paychex Earnings, Revenue Beat in Q2 Investing.com – Paychex (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations. Paychex announced earnings per share of $0.91 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $0.7974 on revenue of $1.06B. Paychex […]


© Reuters. Paychex Earnings, Revenue Beat in Q2

Investing.com – Paychex (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.

Paychex announced earnings per share of $0.91 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $0.7974 on revenue of $1.06B.

Paychex shares are up 23% from the beginning of the year, still down 0.31% from its 52 week high of $126.82 set on November 22. They are outperforming the Nasdaq which is up 19.03% from the start of the year.

Paychex shares gained 3.61% in pre-market trade following the report.

Paychex follows other major Information Technology sector earnings this month

Paychex’s report follows an earnings beat by Broadcom on December 9, who reported EPS of $7.81 on revenue of $7.41B, compared to forecasts EPS of $7.74 on revenue of $7.36B.

Adobe had matched expectations on December 16 with fourth quarter EPS of $3.2 on revenue of $4.11B, compared to forecast for EPS of $3.2 on revenue of $4.09B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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