Investing.com - Paychex (NASDAQ:PAYX) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paychex announced earnings per share of $0.81 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $0.7954 on revenue of $1.11B.
Paychex shares are down 12% from the beginning of the year and are trading at $120.50 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 28.69% from the start of the year.
Paychex shares gained 0.52% 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 Oracle on Monday, June 13, 2022, who reported EPS of $1.54 on revenue of $11.84B, compared to forecasts EPS of $1.37 on revenue of $11.61B.
Accenture had missed expectations on Thursday, June 23, 2022 with third quarter EPS of $2.79 on revenue of $16.16B, compared to forecast for EPS of $2.86 on revenue of $16.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar