Investing.com - Paychex (NASDAQ:PAYX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Paychex announced earnings per share of $0.61 on revenue of $915.1M. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $939.19M.
Paychex shares are down 8% from the beginning of the year and are trading at $77.40 , down-from-52-week-high.They are under-performing the Nasdaq which is up 16.28% year to date.
Paychex shares lost 0.49% in pre-market trade the report.
Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings missed by Lululemon Athletica on Thursday, June 11, 2020, who reported EPS of $0.22 on revenue of $651.96M, compared to forecasts EPS of $0.23 on revenue of $691.63M.
Alimentation Couchen A had beat expectations on Tuesday with first quarter EPS of $0.47 on revenue of $9.69B, compared to forecast for EPS of $0.43 on revenue of $9,393M.
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