Benzinga | Sep 30, 2021 09:09AM EDT

Paychex Q1 EPS $0.89 Beats $0.80 Estimate, Sales $1.08B Beat $1.04B Estimate

Paychex (NASDAQ:PAYX) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.80 by 11.25 percent. This is a 41.27 percent increase over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $1.08 billion which beat the analyst consensus estimate of $1.04 billion by 4.13 percent. This is a 16.18 percent increase over sales of $932.20 million the same period last year.