Categories AlphaGraphs, Earnings

Paychex (NASDAQ: PAYX): Q2 2020 Earnings Snapshot

— Paychex, Inc. (NASDAQ: PAYX) reported adjusted earnings of $0.70 per share for the second quarter of 2020, vs. $0.68 per share expected.

Paychex (NASDAQ: PAYX): Q2 2020 Earnings Snapshot

— Net income rose to $258.7 million or $0.72 per share from $235.8 million or $0.65 per share in the second quarter of 2019

— At $990.7 billion, second-quarter revenues were up 15% from last year, vs. $987.65 billion analysts expected

— Earnings before interest, taxes, depreciation, and amortization increased 16% to $398.8 million

— Total expenses increased 18% to $649.0 million in Q2, compared to the same period last year

— Repurchased 2 million shares of common stock for a total of $171.9 million during the year-to-date period

— Expects Management Solutions revenue to grow in the range of 5% to 5.5% in fiscal 2020

— Sees full-year PEO and Insurance Services revenue increasing between 25% and 30%

— Expects earnings per share to grow in the range of 9% to 10% in the whole of 2020

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top