Paychex: Fiscal Q4 Earnings Snapshot

June 29, 2022 GMT

ROCHESTER, N.Y. (AP) _ Paychex Inc. (PAYX) on Wednesday reported fiscal fourth-quarter profit of $296.4 million.

The Rochester, New York-based company said it had profit of 82 cents per share. Earnings, adjusted for pretax gains, came to 81 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The payroll processor and human-resources services provider posted revenue of $1.14 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.11 billion.

For the year, the company reported profit of $1.39 billion, or $3.84 per share. Revenue was reported as $4.61 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYX at https://www.zacks.com/ap/PAYX