PENFIELD (dpa-AFX) - Paychex, Inc. (PAYX) Wednesday reported third-quarter profit of $160.1 million or $0.44 per share, up from $144.5 million or $0.40 per share in the same period last year.
On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved 7 percent to $636.5 million from $593.3 million last year. Analysts expected revenues of $628.85 million.
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