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Paychex (PAYX) Earnings & Revenues Beat Estimates in Q1

Paychex, Inc. PAYX reported solid first-quarter fiscal 2020 results wherein both earnings and revenues surpassed the Zacks Consensus Estimate.

Adjusted earnings of 71 cents per share outpaced the consensus estimate by 2 cents and increased 6% on a year-over-year basis. Total revenues of $992 billion beat the consensus mark by $1.1 million and increased 15% year over year. Oasis acquisition (completed during December 2018) contributed less than 10% to top-line growth in the reported quarter.


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https://finance.yahoo.com/news/paychex-p...03124.html

Paychex (PAYX) Q4 Earnings Match Estimates, Revenues Beat

Paychex, Inc.’s PAYX fourth-quarter fiscal 2020 adjusted earnings of 61 cents per share came in line with the Zacks Consensus Estimate but decreased 3.2% on a year-over-year basis. Total revenues of $915.1 billion beat the consensus mark by 0.4% but decreased 7% year over year.

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Revenues from Management Solutions decreased 6% year over year to $661.8 million. The downfall was due to a decline in check volumes, partially offset by increased penetration of retirement services and time and attendance services. The decrease in check volumes was owing to a reduction in the number of clients processing payrolls and the number of employees paid due to the shutdown.

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https://finance.yahoo.com/news/paychex-p...09094.html