08:59 AM EDT, 04/02/2024 (MT Newswires) -- Paychex ( PAYX ) reported fiscal Q3 adjusted earnings Tuesday of $1.38 per diluted share, up from $1.29 a year earlier.

Analysts polled by Capital IQ expected $1.37.

Revenue for the quarter ended Feb. 29 was $1.44 billion, compared with $1.38 billion a year ago. Analysts surveyed by Capital IQ expected $1.46 billion.

The company said it expects revenue for the fiscal year ending May 31 to grow 5% to 6%. Paychex ( PAYX ) previously guided for a 6%-to-7% growth rate.

Paychex ( PAYX ) stock was down nearly 7% in recent Tuesday premarket activity.

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