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home / articles / PAYX - Paychex Stock Drops After Mixed Q2 Performance - What's Going On? | Benzinga

PAYX - Paychex Stock Drops After Mixed Q2 Performance - What's Going On? | Benzinga

Paychex Inc.

Payroll services company Paychex Inc (NASDAQ: PAYX) 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.

Selling, general and administrative expenses climbed 8% to $387.6 million.

Operating income for the quarter increased 7% to $506.2 ...

Full story available on Benzinga.com
Stock Information
Company Name: Paychex Inc.
Stock Symbol: PAYX
Market: NASDAQ
Website: paychex.com
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