Paychex rises after Q2 profit beat
19/12/2024 14:44
(Updates)
** Shares of payroll services provider Paychex PAYX.O rise
3.8% to $141.08
** PAYX reports Q2 adjusted EPS of $1.14, compared with
analysts' average estimate of $1.12 - data compiled by LSEG
** Q2 revenue of $1.32 bln, compared with analysts' est. of
$1.31 bln
** "In the face of challenging labor market conditions and
rising healthcare and benefits costs, many businesses are
reevaluating their HR strategies as we head into the new year,"
CEO John Gibson says
** Up to last close, stock up ~14% this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))