Paychex Q2 Profit Tops View - Quick Facts

(RTTNews) - Paychex, Inc. (PAYX) Wednesday reported second-quarter net income of $158.7 million or $0.43 per share, compared to $147.9 million or $0.41 per share in the comparable quarter last year.

On average, 23 analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 7 percent to $610.5 million from $569.4 million last year. Analysts expected revenues of $598.89 million.

Service revenues totaled $600.5 million, up from $559.4 million last year.

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