Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $1.03 on revenue of $1.21B. Analysts polled by Investing.com anticipated EPS of $0.97 on revenue of $1.18B.
Paychex shares are down 16% from the beginning of the year and are trading at $113.32 , down-from-52-week-high.
Paychex follows other major Information Technology sector earnings this month
Paychex's report follows an earnings beat by Broadcom on Thursday, September 1, 2022, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on Monday, September 12, 2022 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar