© Reuters. Paychex Earnings, Revenue Beat in Q4
Investing.com – Paychex (NASDAQ:) reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.81 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $0.7954 on revenue of $1.11B.
Paychex shares are down 12% from the beginning of the year, still down 15.53% from its 52 week high of $141.92 set on April 6. They are outperforming the which is down 28.69% from the start of the year.
Paychex shares gained 0.52% in pre-market trade following the report.
Paychex follows other major Information Technology sector earnings this month
Paychex’s report follows an earnings beat by Oracle on June 13, who reported EPS of $1.54 on revenue of $11.84B, compared to forecasts EPS of $1.37 on revenue of $11.61B.
Accenture had missed expectations on June 23 with third quarter EPS of $2.79 on revenue of $16.16B, compared to forecast for EPS of $2.86 on revenue of $16.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar