Paychex Inc.
(NASDAQ:PAYX) reported fourth-quarter results that topped Wall Street expectations on Wednesday, but shares declined after the payroll and human capital management provider issued fiscal 2027 revenue guidance that came in slightly below analyst estimates.
Guidance Overshadows Earnings Beat Paychex posted adjusted earnings of $1.32 per share for the quarter, ahead of analyst estimates of $1.30 per share.
Revenue increased 12% year over year to $1.61 billion, exceeding expectations of $1.60 billion.
GAAP diluted earnings per share rose 43% to $1.17, while net income climbed 41% to $420.6 million.
