Paychex Analysts Slash Their Forecasts Following Q2 Earnings

Paychex, Inc. (NASDAQ:PAYX) reported upbeat earnings for its fiscal second-quarter on Friday.The company posted an 18% year-over-year increase in total revenue to $1.557 billion. Adjusted diluted earnings per share were $1.26, up from $1.14 a year earlier, while GAAP diluted earnings per share were $1.10, slightly lower than the $1.14 reported last year. Adjusted EPS beat estimates by 3 cents; sales missed by $10 million."We are proud of the significant progress we've made on key strategic priorities, enabl ...