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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
![[Bild: PAYXc1dl0525.png]](https://finviz.com/publish/070820/PAYXc1dl0525.png)
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.
...
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.
...
https://finance.yahoo.com/news/paychex-p...09094.html
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