Investing.com - Paychex (NASDAQ:PAYX) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.63 on revenue of $932.2M. Analysts polled by Investing.com anticipated EPS of $0.55 on revenue of $893.6M.
Paychex shares are down 4% from the beginning of the year and are trading at $81.79 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 31.79% from the start of the year.
Paychex shares gained 0.42% in pre-market trade following the report.
Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings beat by Costco on Thursday, September 24, 2020, who reported EPS of $3.51 on revenue of $53.38B, compared to forecasts EPS of $2.85 on revenue of $52.11B.
Lululemon Athletica had beat expectations on Tuesday, September 8, 2020 with second quarter EPS of $0.74 on revenue of $902.94M, compared to forecast for EPS of $0.56 on revenue of $844.48M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar