Paychex (PAYX) Beats Q3 Earnings and Revenue Estimates

Paychex (PAYX) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.99%. A quarter ago, it was expected that this payroll processor and human-resources services provider would post earnings of $1.24 per share when it actually produced earnings of $1.26, delivering a surprise of +1.61%.O ...