=Paychex (PAYX) reported earnings Wed 30 March 2016 (b/o)

Paychex reports EPS in-line, revs in-line; reaffirms FY16 guidance :

• Reports Q3 (Feb) earnings of $0.50 per share, in-line with the Capital IQ Consensus of $0.50; revenues rose 6.9% year/year to $752.6 mln vs the $751.21 mln Capital IQ Consensus. Total service rev +7% to $741 mln
  • Payroll service rev +4% to $440 mln; HRS rev +12% to $301 mln
• Reaffirms FY16 net income +8-9%, total service rev +7-8%, payroll service rev +4-5; HRS +10-13%.