Paychex, Inc. Reports Third Quarter Results

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Go back to Paychex, Inc. Reports Third Quarter Results

Paychex (PAYX) Tops Q3 EPS by 2c, Offers Outlook

March 25, 2020 8:16 AM EDT

Paychex (NASDAQ: PAYX) reported Q3 EPS of $0.97, $0.02 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.14 billion.

Outlook:

Our outlook for the fiscal year ending May 31, 2020 (fiscal 2020) incorporates known and some estimated impacts related to the COVID-19 virus, including the most recent reductions in the Federal Funds rate. The impact from... More