Paychex (PAYX) Tops Q1 Earnings and Revenue Estimates

Paychex (PAYX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.83%. A quarter ago, it was expected that this payroll processor and human-resources services provider would post earnings of $1.18 per share when it actually produced earnings of $1.19, delivering a surprise of +0.85%.O ...