Paychex, Inc. Reports Second Quarter Results

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Go back to Paychex, Inc. Reports Second Quarter Results

Paychex (PAYX) Tops Q2 EPS by 7c, Revenues Beat

December 23, 2020 8:32 AM EST

Paychex (NASDAQ: PAYX) reported Q2 EPS of $0.73, $0.07 better than the analyst estimate of $0.66. Revenue for the quarter came in at $983.7 million versus the consensus estimate of $954 million.

Second Quarter Fiscal 2021 Key Points

The Company raises guidance as second quarter results reflect sequential improvement in financial performance and key business metrics.Diluted earnings per share and adjusted diluted earnings per share(1) each increased 4% to $0.75 per share and $0.73 per share, respectively.Second quarter service revenue was consistent with the prior year period at $968.9 million, compared to a year-over-year decrease of 6% in the first... More