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Paychex Inc. Q4 adjusted earnings Beat Estimates

Paychex Inc. (PAYX) released a profit for fourth quarter that fell from the same period last year.

The company's profit came in at $220.7 million, or $0.61 per share. This compares with $230.4 million, or $0.64 per share, in last year's fourth quarter.

Excluding items, Paychex Inc. reported adjusted earnings of $220.8 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.7% to $915.1 million from $980.4 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $220.8 Mln. vs. $228.1 Mln. last year.
-EPS (Q4): $0.61 vs. $0.63 last year.
-Analysts Estimate: $0.60
-Revenue (Q4): $915.1 Mln vs. $980.4 Mln last year.

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