Paychex, Inc. Reports Second Quarter Results: Solid Growth in Revenue and Diluted Earnings Per Share; Raises Outlook for the Year

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Go back to Paychex, Inc. Reports Second Quarter Results: Solid Growth in Revenue and Diluted Earnings Per Share; Raises Outlook for the Year

Paychex (PAYX) PT Lowered to $130 at Cowen

December 22, 2022 4:43 PM EST

Cowen analyst Bryan Bergin lowered the price target on Paychex (NASDAQ: PAYX) to $130.00 (from $132.00) while maintaining an Outperform rating following earnings.

The analyst commented, "PAYX relayed a consistent message on the broader HCM demand environment and on macro, not seeing any material... More

Paychex (PAYX) slides despite earnings beat

December 22, 2022 10:07 AM EST

Paychex (NASDAQ: PAYX) shares fell early Thursday after the company reported its fiscal second-quarter results before the bell.

Paychex reported earnings of $0.99, $0.04 better than the analyst estimate of $0.95, while revenue for the quarter rose 7% year-over-year to $1.19 billion versus the consensus estimate of $1.19 billion.

The company's shares are... More

Paychex (PAYX) Tops Q2 EPS by 4c

December 22, 2022 8:32 AM EST

Paychex (NASDAQ: PAYX) reported Q2 EPS of $0.99, $0.04 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.19 billion.

GUIDNACE:

Our outlook for the fiscal year ending May 31, 2023 (fiscal 2023) incorporates current assumptions and... More