Paychex Inc. Reveals 9% Advance In Q4 Profit

(RTTNews) - Paychex Inc. (PAYX) reported earnings for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $194.3 million, or $0.54 per share. This was higher than $178.1 million, or $0.49 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.9% to $798.6 million. This was up from $753.9 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $194.3 Mln. vs. $178.1 Mln. last year. -Earnings Growth (Y-o-Y): 9.1% -EPS (Q4): $0.54 vs. $0.49 last year. -EPS Growth (Y-o-Y): 10.2% -Analysts Estimate: $0.53 -Revenue (Q4): $798.6 Mln vs. $753.9 Mln last year. -Revenue Change (Y-o-Y): 5.9%