Paychex: Fiscal Q1 Earnings Snapshot

ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Wednesday reported fiscal first-quarter profit of $429.7 million.

The Rochester, New York-based company said it had profit of $1.21 per share. Earnings, adjusted for one-time gains and costs, came to $1.34 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The payroll processor and human-resources services provider posted revenue of $1.63 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.62 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYX at https://www.zacks.com/ap/PAYX