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 $0.91 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $0.7974 on revenue of $1.06B.
Paychex shares are up 23% from the beginning of the year and are trading at $131.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 19.03% from the start of the year.
Paychex shares gained 3.61% in pre-market trade following the report.
Paychex follows other major Information Technology sector earnings this month
Paychex's report follows an earnings beat by Broadcom on Thursday, December 9, 2021, who reported EPS of $7.81 on revenue of $7.41B, compared to forecasts EPS of $7.74 on revenue of $7.36B.
Adobe had matched expectations on Thursday, December 16, 2021 with fourth quarter EPS of $3.2 on revenue of $4.11B, compared to forecast for EPS of $3.2 on revenue of $4.09B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar