ZLAB - Paychex Reports Downbeat Sales Joins BlackBerry And Other Big Stocks Moving Lower On Thursday | Benzinga
U.S. stocks traded higher, with the Dow Jones index gaining around 200 points on Thursday.
Shares of Paychex, Inc. (NASDAQ: PAYX) moved lower during Thursday’s session after the company reported worse-than-expected second-quarter revenue results and issued FY24 guidance.
Paychex reported second-quarter FY24 sales growth of 6% year-on-year to $1.26 billion, slightly missing the analyst consensus estimate of $1.27 billion. Adjusted EPS of $1.08 beat the analyst consensus estimate of $1.07, according to Benzinga Pro.
Paychex shares fell 5.4% to $120.96 on Thursday.
Here are some other big stocks recording losses in today’s session.
Jin Medical ...