Paychex (PAYX) Tops Q1 EPS by 2c

Paychex (NASDAQ: PAYX) reported Q1 EPS of $1.14, $0.02 better than the analyst estimate of $1.12. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.28 billion.

Business Outlook:

• Interest on funds held for clients is now expected to be in the range of $140 million to $150 million.
• Adjusted diluted earnings per share(1) is now anticipated to grow in the range of 9% to 11%.
• Other aspects of our guidance for fiscal 2024 remain unchanged from what we provided previously.

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

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