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Why Paychex Stock Popped on Wednesday

TheMotleyFool 
0 0 26.03.25
Why Paychex Stock Popped on WednesdayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png
 

Shares of payroll and human resources support company Paychex (NASDAQ: PAYX) rose 4.6% through 11:15 a.m. ET despite it turning in only a mixed earnings report this morning.

Expected to earn $1.48 per share on sales of $1.51 billion, Paychex reported $1.49 per share (adjusted for one-time items) on sales of $1.5 billion, beating narrowly on earnings, and missing even more narrowly on sales.

Paychex sales grew 5% year over year in Q3, but adjusted earnings per share grew a better than expected 8%. Earnings as calculated according to generally accepted accounting principles (GAAP), however, grew more slowly than the non-GAAP number, rising only 4% to $1.43 per share.

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Source Fool.com

Paychex Inc. Stock

€108.16
-0.590%
The price for the Paychex Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.640 (-0.590%).
Currently there is a rather negative sentiment for Paychex Inc. with 3 Buy predictions and 10 Sell predictions..
A slightly negative potential of -5.7% at a current price of 108.16 € for Paychex Inc. is the result of a target price of 102 €.
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