Paychex's higher quarterly expenses overshadow annual earnings forecast raise

Core Viewpoint - Payroll services provider Paychex reported an increase in expenses for the second quarter, which overshadowed its raised forecast for annual adjusted earnings growth [1] Summary by Category Financial Performance - Paychex experienced higher expenses in the second quarter, impacting its financial outlook [1] Earnings Forecast - Despite the increase in expenses, the company raised its annual adjusted earnings growth forecast [1]