Investing.com - Paychex (NASDAQ:PAYX) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.72 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $0.6695 on revenue of $966.91M.
Paychex shares are up 11% from the beginning of the year and are trading at $104.28 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 11.49% from the start of the year.
Paychex follows other major Information Technology sector earnings this month
Paychex's report follows an earnings beat by Adobe on Thursday, June 17, 2021, who reported EPS of $3.03 on revenue of $3.84B, compared to forecasts EPS of $2.81 on revenue of $3.73B.
Salesforce.com had beat expectations on Thursday, May 27, 2021 with first quarter EPS of $1.21 on revenue of $5.96B, compared to forecast for EPS of $0.8922 on revenue of $5.89B.
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