Paychex Inc. (PAYX) reported third quarter EPS of $0.40 after the close Wednesday, up from $0.37 in the previous year. The consensus estimate was for EPS of $0.39. Looking ahead to the fiscal year 2013, the company expects earnings growth in the order of 5 percent to 7 percent. The stock is now down 0.56 on 20K shares.
Paychex traded in a range for the bulk of Wednesday's session and closed down by 0.08 at $34.76. The stock pulled back slightly from the highs of the year.
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