Investing.com - Paychex (NASDAQ:PAYX) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Paychex announced earnings per share of $0.96 on revenue of $ 1.11B. Analysts polled by Investing.com anticipated EPS of $0.9239 on revenue of $1.11B.
Paychex shares are up 7% from the beginning of the year and are trading at $98.99 , down-from-52-week-high.They are outperforming the Nasdaq which is up 6.34% from the start of the year.
Paychex shares lost 1.37% in pre-market trade after the report.
Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings beat by Pinduoduo on Wednesday, March 17, 2021, who reported EPS of $-0.15 on revenue of $26.55B, compared to forecasts EPS of $-0.2543 on revenue of $19.12B.
JD.com Inc Adr had beat expectations on Thursday, March 11, 2021 with first quarter EPS of $1.49 on revenue of $224.33B, compared to forecast for EPS of $1.22 on revenue of $219.81B.
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