Paychex Maintains FY25 Outlook - Update

RTTNews | vor 309 Tagen
Paychex Maintains FY25 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter of fiscal 2025 on Tuesday, payroll and HR services provider Paychex Inc. (PAYX) maintained its adjusted earnings growth and revenue growth guidance for the full year 2025.

For fiscal 2025, the company continues to project adjusted earnings per share growth in the range of 9 to 10 percent on total revenues growth of 6 to 7 percent.

Based adjusted earnings of $4.27 per share and total revenues of $5.01 billion reported for fiscal 2023, the guidance implies adjusted earnings in a range of $4.65 to $4.70 per share on total revenues between $5.31 billion and $5.36 billion for fiscal 2025.

Previously, the company expected adjusted earnings per share to grow in the range of 9 to 10 percent on total revenues growth of 6 to 7 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.97 per share on revenue growth of 4.5 percent to $5.52 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Paychex Guides FY24 Above Estimates - Update

Paychex Guides FY24 Above Estimates - Update

While reporting financial results for the fourth quarter and fiscal 2023 on Thursday, payroll and HR services provider Paychex Inc. (PAYX) initiated adjusted earnings growth and revenue growth guidance for the full year 2024, above analysts' estimates.
RTTNews | vor 769 Tagen
Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian Stocks Surge Higher Again; TSX Scales New Record High

Canadian stocks are up firmly in positive territory on Wednesday, and the benchmark S&P/TSX Composite Index stays high up after hitting a fresh record. Rising optimism about a rate cut by the Federal Reserve in September, firm oil prices and some upbeat corporate earnings announcements are contributing to the positive mood in the market.
RTTNews | vor 1Std 20 Minuten
India Holds Key Interest Rates Steady As Trade Tensions Escalate

India Holds Key Interest Rates Steady As Trade Tensions Escalate

The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
RTTNews | vor 3Std 52 Minuten
Bay Street Looks Set To Extend Upmove

Bay Street Looks Set To Extend Upmove

Canadian shares look headed for a positive start on Wednesday, riding on some impressive corporate earnings updates, and higher oil prices. The focus will also be on the developments on the trade front.
RTTNews | vor 5Std 20 Minuten
Eurozone Retail Sales Recover In June

Eurozone Retail Sales Recover In June

Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday. Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
RTTNews | vor 5Std 30 Minuten
Euro Rises As European Shares Traded Higher

Euro Rises As European Shares Traded Higher

The euro strengthened against other major currencies in the European session on Wednesday, as European shares traded higher despite weak factory orders data from Germany and fresh tariff threats from U.S. President Donald Trump on pharma and chips. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.
RTTNews | vor 6Std 3 Minuten