Benzinga | Oct 6, 2020 08:34AM EDT

Paychex Q1 Adj. EPS $0.63 Beats $0.55 Estimate, Sales $932.20M Beat $895.38M Estimate

Paychex (NASDAQ:PAYX) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.55 by 14.55 percent. This is a 11.27 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $932.20 million which beat the analyst consensus estimate of $895.38 million by 4.11 percent. This is a 6.03 percent decrease over sales of $992.00 million the same period last year.