Shares of Paychex Inc. jumped 1.4% in premarket trading Thursday, after the human resources services provider reported fiscal fourth-quarter profit that...
Shares of Paychex Inc.
jumped 1.4% in premarket trading Thursday, after the human resources services provider reported fiscal fourth-quarter profit that matched expectations while revenue topped, and provided an upbeat full-year outlook. Net income for the quarter to May 31 rose to $350.4 million, or 97 cents a share, from $296.4 million, or 82 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 97 cents matched the FactSet consensus. Total revenue grew 7.5% to $1.
jumped 1.4% in premarket trading Thursday, after the human resources services provider reported fiscal fourth-quarter profit that matched expectations while revenue topped, and provided an upbeat full-year outlook. Net income for the quarter to May 31 rose to $350.4 million, or 97 cents a share, from $296.4 million, or 82 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 97 cents matched the FactSet consensus. Total revenue grew 7.5% to $1.
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