Paychex Maintains FY25 Outlook - Update

RTTNews | 309 days ago
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 | 769 days ago
European Economic News Preview: BoE Likely To Cut Rates

European Economic News Preview: BoE Likely To Cut Rates

The Bank of England is widely expected to cut its interest rates for the fifth time in a year to support the economy even as inflation continued to stay stubbornly above the target. Markets anticipate a quarter-point cut, bringing the bank rate to 4.00 percent, which will be the lowest since early 2023.
RTTNews | 11 minutes ago
European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks are seen opening on a mixed note Thursday after U.S. President Donald Trump announced he will impose a 100 percent tariff on imports of semiconductors and chips, with exemptions for companies relocating production to the U.S.
RTTNews | 36 minutes ago
Sensex, Nifty Open Lower On Tariff Concerns

Sensex, Nifty Open Lower On Tariff Concerns

Indian shares opened a tad lower on Thursday after U.S. President Donald Trump signed an executive order imposing an additional 25 percent tariff on India as a "penalty" in response to its continued purchase of Russian oil.
RTTNews | 1h 43min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian market is extending early losses in mid-market moves on Thursday, snapping a three session winning streak, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in iron ore miners and energy stocks.
RTTNews | 2h 40min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly positive cues from Wall Street overnight, after U.S. President Donald Trump said the U.S. was closing in on the trade deal with China. Traders also remain optimistic about the US Fed cutting interest rates as early as September based on the recent economic data from the U.S.
RTTNews | 3h 8min ago