Paychex Share News

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, U.S. employers with fewer than 50 employees continued to add jobs in June, though at a slower pace than in May. Hourly earnings growth for small business workers held steady at 3.16% in June. “Small businesses continued to add jobs across the country in June and there was litt...

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After the company reported its full-year 2024 earnings results, shares of Paychex Inc. NASDAQ: PAYX are trading lower by as much as 5.5% in the morning's trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although management's guidance could have disappointed those used to easy profits.

Paychex (PAYX) reported earnings this morning and beat Wall Street analysts' expectation on both the top and bottom line, while also showing year-over-year growth.

Paychex, Inc. (NASDAQ:PAYX ) Q4 2024 Earnings Conference Call June 26, 2024 9:30 AM ET Company Participants John Gibson - President and CEO Bob Schrader - CFO Conference Call Participants Bryan Bergin - TD Cowen Kevin McVeigh - UBS James Faucette - Morgan Stanley Samad Samana - Jefferies Caroline Latta - Bank of America Andrew Nicholas - William Blair Ashish Sabadra - RBC Capital Markets Peter ...

The payroll services company reports better-than-expected quarterly earnings and sales.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") and fiscal year ended May 31, 2024 ("fiscal 2024"), as compared to the corresponding prior-year period:     Fourth Quarter             Fiscal Year           In millions, except per share amounts   ...

Payroll and HR solutions player Paychex is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion.