Paychex Earnings beat, Revenue Inline In Q3 By Investing.com

Paychex reported on Tuesday third quarter earnings that beat analysts’ forecasts and revenue that was inline with expectations.

Paychex announced earnings per share of $0.96 on revenue of $ 1.11B. Analysts polled by Investing.com anticipated EPS of $0.9239 on revenue of $1.11B.

Paychex shares are up 7% from the beginning of the year and are trading at $98.99 , down-from-52-week-high.They are outperforming the Nasdaq which is up 6.34% from the start of the year.

Paychex shares lost 1.37% in pre-market trade the report.

Paychex follows other major Services sector earnings this month

Paychex’s report follows an earnings beat by Pinduoduo on March 17, who reported EPS of $-0.15 on revenue of $26.55B, compared to forecasts EPS of $-0.2543 on revenue of $19.12B.

JD.com Inc Adr had beat expectations on March 11 with first quarter EPS of $1.49 on revenue of $224.33B, compared to forecast for EPS of $1.22 on revenue of $219.81B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar