Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $1.15 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $1.22B.
Paychex shares are down 2% from the beginning of the year and are trading at $133.57 , down-from-52-week-high.They are outperforming the S&P 500 which is down 2.82% from the start of the year.
Paychex shares gained 0.78% in pre-market trade after the report.
Paychex follows other major Information Technology sector earnings this month
Paychex's report follows an earnings beat by Broadcom on Thursday, March 3, 2022, who reported EPS of $8.39 on revenue of $7.71B, compared to forecasts EPS of $8.13 on revenue of $7.61B.
Oracle had missed expectations on Thursday, March 10, 2022 with third quarter EPS of $1.13 on revenue of $10.51B, compared to forecast for EPS of $1.18 on revenue of $10.51B.
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