Why Paychex Stock Is Leading the Market Today | 20.12.24

Paychex (NASDAQ: PAYX) saw slight gains in revenue and earnings during its most recent quarter. As a result, its stock price rose slightly on the news. Shares of the financial services company rose 1.4% during Thursday’s trading session, better than the marginal decline in the benchmark S&P 500. Paychex reported results of the second quarter of fiscal 2025 before the market opened Thursday, revealing that it gained just under $1.32. billion in total revenue. This represents an improvement of 5% compared to the same period last year. The momentum was similar in terms of results, as non-GAAP (adjusted) net income grew 5% year-over-year to $411 million ($1.14 per share). Both headline numbers slightly beat analysts’ consensus estimates. On average, experts who track Paychex stock were modeling $1.31 billion for revenue and $1.13 per share for adjusted net income. Continue readingMore articles on MotleyFool More articles on MotleyFool