Paychex Inc. Q3 Profit Rises 6%

(RTTNews) - Paychex Inc. (PAYX) released earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line came in at $180.4 million, or $0.50 per share. This was up from $169.4 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.9% to $752.6 million. This was up from $704.3 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q3): $180.4 Mln. vs. $169.4 Mln. last year. -Earnings Growth (Y-o-Y): 6.5% -EPS (Q3): $0.50 vs. $0.46 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $0.50 -Revenue (Q3): $752.6 Mln vs. $704.3 Mln last year. -Revenue Change (Y-o-Y): 6.9%