Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.73 on revenue of $983.7M. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $953.96M.
Paychex shares are up 13% from the beginning of the year and are trading at $99.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 14.13% from the start of the year.
Paychex shares gained 2.45% in pre-market trade after the report.
Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings beat by Costco on Thursday, December 10, 2020, who reported EPS of $2.29 on revenue of $43.21B, compared to forecasts EPS of $2.05 on revenue of $46.33B.
Dollar General had beat expectations on Thursday, December 3, 2020 with third quarter EPS of $2.31 on revenue of $8.2B, compared to forecast for EPS of $2.02 on revenue of $8.14B.
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