Paychex Q2 Adj. EPS $1.26 Beats $1.23 Estimate, Sales $1.557B Miss $1.568B Estimate

Paychex (NASDAQ:PAYX) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.23 by 2.36 percent. This is a 10.53 percent increase over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $1.557 billion which missed the analyst consensus estimate of $1.568 billion by 0.72 percent. This is a 18.22 percent increase over sales of $1.317 billion the same period last year.