RTTNews | Jun 25, 2021 08:37AM EDT

08:36 Friday, June 25, 2021 (RTTNews.com) - Paychex Inc. (PAYX) reported a profit for its fourth quarter that increased from last year.

The company's bottom line totaled $263.0 million, or $0.73 per share. This compares with $220.7 million, or $0.61 per share, in last year's fourth quarter.

Excluding items, Paychex Inc. reported adjusted earnings of $260.8 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.0% to $1.03 billion from $0.92 billion last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $260.8 Mln. vs. $220.6 Mln. last year.-EPS (Q4): $0.72 vs. $0.61 last year.-Analysts Estimate: $0.67-Revenue (Q4): $1.03 Bln vs. $0.92 Bln last year.

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