Paychex, Inc. Reports Second Quarter Results
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December 19, 2018 8:36 AM EST
Paychex (NASDAQ: PAYX) reported Q2 EPS of $0.65, $0.02 better than the analyst estimate of $0.63. Revenue for the quarter came in at $858.9 million versus the consensus estimate of $858.62 million.
Outlook
Our outlook for the fiscal year ending May 31, 2019 (fiscal 2019), is based upon current market expectations and economic conditions continuing with no significant changes. Our guidance has been revised for fiscal 2019. Excluding the anticipated impact related to the acquisition of Oasis, our revised guidance... More
December 19, 2018 8:36 AM EST
Paychex (NASDAQ: PAYX) reported Q2 EPS of $0.65, $0.02 better than the analyst estimate of $0.63. Revenue for the quarter came in at $858.9 million versus the consensus estimate of $858.62 million.
Martin Mucci, President and Chief Executive Officer, commented, The second quarter marked solid progress across our major human capital management product lines. In particular, our administrative services organization, retirement services, and time and attendance solutions performed well. We continued to experience strong demand for our professional employer organization (PEO) services and recently announced our agreement to acquire Oasis Outsourcing Group Holdings, L.P. (Oasis), the nations... More
