Payroll Strength And Healthcare Reform Services Helped Paychex Deliver In Q2
Posted on December 29th, by Mitchell Warren in Trade Ideas. Comments Off on Payroll Strength And Healthcare Reform Services Helped Paychex Deliver In Q2
Payroll Strength And Healthcare Reform Services Helped Paychex Deliver In Q2
My article on Paychex (PAYX) for Seeking Alpha
Paychex (NASDAQ:PAYX) is a $17B company that provides human resource and payroll outsourcing solutions for small and mid-sized businesses that spans over 567,000 clients worldwide. On December 19th, they reported Q2 EPS of $0.47 per share vs. the Wall Street consensus estimate of $0.46 per share (9.3% year-over-year increase) and revenue of $676.3M vs. the $673.66M estimate (9.7% year-over-year increase). Both net income and operating income rose 9% to $173M and $270.2M, respectively…Click here to read the rest of the article.
