UPDATE: Paychex, Inc. (PAYX) Tops Q1 EPS by 1c; Reaffirms

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(Updated - September 24, 2012 4:04 PM EDT)

(consensus corrected) Paychex, Inc. (NASDAQ: PAYX) reported Q1 EPS of $0.42, 1 cent better than the consensus of $0.41. Revenue for the quarter came in at $578.2 million versus the consensus estimate of $584.05 million.

The company reaffirmed FY13 guidance. The company sees total service revenue up 5-6% and net income up 5-7%.

For earnings history and earnings-related data on Paychex, Inc. (PAYX) click here.

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