Paychex Earnings, Revenue beat in Q2

Paychex reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Paychex announced earnings per share of $0.73 on revenue of $983.7M. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $953.96M.

Paychex shares are up 13% from the beginning of the year and are trading at $99.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 14.13% from the start of the year.

Paychex shares gained 2.45% in pre-market trade the report.

Paychex follows other major Services sector earnings this month

Paychex’s report follows an earnings beat by Costco on December 10, who reported EPS of $2.29 on revenue of $43.21B, compared to forecasts EPS of $2.05 on revenue of $46.33B.

Dollar General had beat expectations on December 3 with third quarter EPS of $2.31 on revenue of $8.2B, compared to forecast for EPS of $2.02 on revenue of $8.14B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar