Paychex (PAYX) Tops Q2 EPS by 7c, Revenues Beat
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Paychex, Inc. Reports Second Quarter Results
December 23, 2020 8:30 AM ESTSecond 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 quarter. Management Solutions revenue increased 1% to $732.8 million. Total revenue decreased 1% to $983.7 million.(1) Adjusted diluted earnings per share and adjusted net income are not United States... More
