Paychex Q1 Profit Rises, Beats View - Quick Facts

(RTTNews) - Paychex, Inc. (PAYX) Monday reported first-quarter profit of $162.8 million or $0.44 per share, up from $153.1 million or $0.42 per share in the same period last year.

On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 5 percent to $607.9 million from $578.2 million last year. Analysts expected revenues of $605.56 million.

Service revenues totaled $597.9 million, up from $568.1 million last year.

Looking ahead, the company currently projects full-year 2014 earnings growth in a range of 8 percent to 9 percent.