Investing.com - Paychex (NASDAQ:PAYX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.89 on revenue of $1.08B. Analysts polled by Investing.com anticipated EPS of $0.8009 on revenue of $1.04B.
Paychex shares are up 15% from the beginning of the year and are trading at $107.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 12.6% from the start of the year.
Paychex shares lost 0.79% 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 23, 2021, who reported EPS of $3.9 on revenue of $62.68B, compared to forecasts EPS of $3.58 on revenue of $61.41B.
Lululemon Athletica had beat expectations on Wednesday, September 8, 2021 with second quarter EPS of $1.65 on revenue of $1.45B, compared to forecast for EPS of $1.19 on revenue of $1.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar