Paychex (PAYX) Tops Q1 EPS by 8c, Offers Outlook
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Paychex, Inc. Reports First Quarter Results
October 6, 2020 8:30 AM EDTFirst Quarter Fiscal 2021 Key Points
First quarter results reflect better improvement than expected from the fourth quarter fiscal 2020 COVID-19 impact; Company improves guidance ranges for fiscal 2021. Total revenue decreased 6% to $932.2 million. Operating income decreased 19% to $284.0 million. Adjusted operating income(1) decreased 10% to $315.2 million. Net income decreased 20% to $211.6 million. Adjusted net income(1) decreased 11% to $228.0 million. Diluted earnings per share decreased 19% to $0.59 per share. Adjusted diluted earnings per share(1) decreased 11% to $0.63 per share. Â(1) Adjusted operating income, adjusted net income, and adjusted diluted earnings per share are not United States (U.S.) generally... More
