Investing.com – Paychex (NASDAQ:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that was inline with expectations.
Paychex announced earnings per share of $0.96 on revenue of $ 1.11B. Analysts polled by Investing.com anticipated EPS of $0.9239 on revenue of $1.11B.
Paychex shares are up 7% from the beginning of the year, still down 0.75% from its 52 week high of $101.12 set on April 5. They are outperforming the Nasdaq which is up 6.34% from the start of the year.
Paychex shares lost 1.37% in pre-market trade following the report.
Paychex follows other major Services sector earnings this month
Paychex’s report follows an earnings beat by Pinduoduo on March 17, who reported EPS of $-0.15 on revenue of $26.55B, compared to forecasts EPS of $-0.2543 on revenue of $19.12B.
JD.com Inc Adr had beat expectations on March 11 with first quarter EPS of $1.49 on revenue of $224.33B, compared to forecast for EPS of $1.22 on revenue of $219.81B.
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