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Paychex Inc. Q4 adjusted earnings Miss Estimates

Paychex Inc. (PAYX) reported earnings for its fourth quarter that advanced from last year.

The company's earnings totaled $230.4 million, or $0.64 per share. This compares with $217.7 million, or $0.60 per share, in last year's fourth quarter.

Excluding items, Paychex Inc. reported adjusted earnings of $228.1 million or $0.63 per share for the period.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.9% to $980.4 million from $845.7 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $228.1 Mln. vs. $208.3 Mln. last year.
-EPS (Q4): $0.63 vs. $0.58 last year.
-Analysts Estimate: $0.64
-Revenue (Q4): $980.4 Mln vs. $845.7 Mln last year.

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