Paychex Inc. Q3 Earnings Rise

(RTTNews) - Paychex Inc. (PAYX) released a profit for its third quarter that climbed from last year.

The company said its bottom line totaled $227.5 million, or $0.63 per share. This was higher than $199.3 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.9% to $866.5 million. This was up from $795.8 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q3): $227.5 Mln. vs. $199.3 Mln. last year. -Earnings Growth (Y-o-Y): 14.1% -EPS (Q3): $0.63 vs. $0.55 last year. -EPS Growth (Y-o-Y): 14.5% -Analysts Estimate: $0.63 -Revenue (Q3): $866.5 Mln vs. $795.8 Mln last year. -Revenue Change (Y-o-Y): 8.9%