Paychex, Inc. Reports Second Quarter Results
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Paychex (PAYX) Tops Q2 EPS by 7c, Revenues Beat
December 23, 2020 8:32 AM ESTPaychex (NASDAQ: PAYX) reported Q2 EPS of $0.73, $0.07 better than the analyst estimate of $0.66. Revenue for the quarter came in at $983.7 million versus the consensus estimate of $954 million.
Second Quarter Fiscal 2021 Key Points
The Company raises guidance as second quarter results reflect sequential improvement in financial performance and key business metrics.Diluted earnings per share and adjusted diluted earnings per share(1) each increased 4% to $0.75 per share and $0.73 per share, respectively.Second quarter service revenue was consistent with the prior year period at $968.9 million, compared to a year-over-year decrease of 6% in the first... More