Paychex reports q4 earnings per share of $0.61

Paychex, inc. reports fourth quarter and fiscal 2020 results.q4 earnings per share $0.61.q4 revenue $915.1 million versus refinitiv ibes estimate of $910.9 million.q4 earnings per share estimate $0.60 -- refinitiv ibes data.q4 adjusted earnings per share $0.61.fy management solutions revenue is anticipated to decline in range of 1% to 4%.anticipate recognizing one-time costs of approximately $40.0 million related to this, primarily in the first quarter of fiscal 2021.fy total revenue is anticipated to decline in range of 2% to 5%.paychex- fy adjusted diluted earnings per share is anticipated to decline in the range of 6% to 10%.paychex- fy peo and insurance solutions revenue is anticipated to decline in the range of 2% to 7%.paychex - anticipate recognizing one-time costs of about $40 million related to acceleration of long-term strategy.paychex- anticipate cash, as of may 31, along with projected operating cash flows will support business operations for foreseeable future..paychex - continues to evaluate nature & extent of future changes to market and economic conditions related to covid-19.
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