Paychex Analysts Cut Their Forecasts After Q3 Results

Paychex, Inc. (NASDAQ:PAYX) reported upbeat fiscal third-quarter results on Wednesday.Its total revenue surged 20% year-over-year to $1.81 billion. The Street expected a quarterly revenue of $1.79 billion. Adjusted diluted earnings per share were $1.71, up from 1.49 a year ago, which topped the analyst consensus estimate of $1.67.John Gibson, president and CEO of Paychex, said the company delivered strong double-digit revenue and operating income growth while accelerating organic growth through effective ex ...