Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Paychex announced earnings per share of $0.97 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $1.14B. That with comparison to EPS of $0.89 on revenue of $1.07B in the same period a year before.Paychex had reported EPS of $0.7 on revenue of $990.7M in the previous quarter.Analysts are expecting EPS of $0.72 and revenue of $1.04B in the upcoming quarter.
Paychex shares are down 29.98% from the beginning of the year and are trading at $59.10 , down-from-52-week-high.They are under-performing the S&P 500 which is down 24.57% year to date.
Paychex shares lost 0.77% in pre-market trade the report.
Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings beat by Home Depot on Tuesday, February 25, 2020, who reported EPS of $2.28 on revenue of $25.78B, compared to forecasts EPS of $2.11 on revenue of $25.76B.
Pinduoduo had beat expectations on Wednesday, March 11, 2020 with first quarter EPS of $-1.52 on revenue of $10.79B, compared to forecast for EPS of $-1.88 on revenue of $11.04B.
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