Paychex Says Key Segment Was ‘Slightly Below’ Expectations, Stock Sinks
Paychex Inc. (NASDAQ: PAYX ) stock fell more than 7% Wednesday after the company reported fiscal first-quarter 2027 results. Revenue of $1.631 billion topped the $1.627 billion estimate. Adjusted earnings of $1.34 per share also beat the $1.32 estimate. Paychex maintained its full-year outlook. However, management said