Paychex reports q3 earnings per share $0.98

Paychex, inc. reports third quarter results.q3 revenue $1.1 billion versus refinitiv ibes estimate of $1.14 billion.q3 earnings per share $0.98.q3 adjusted non-gaap earnings per share $0.97.results for q3 largely predate disruption caused by covid-19 outbreak.paychex - sees cash, restricted cash, total corporate investments as of feb 29 to support operations, buybacks, dividend payments for foreseeable future.management solutions revenue in fiscal 2020 anticipated to grow approximately 4%.net income and diluted earnings per share are expected to grow approximately 7% in fiscal 2020.adjusted net income & adjusted diluted earnings per share expected to grow about 6% in fiscal 2020.fiscal 2020 outlook incorporates known & some estimated impacts related to covid-19 virus.fy2020 earnings per share view $3.08 -- refinitiv ibes data.
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