Paychex Inc. Q4 adjusted earnings Miss Estimates

(RTTNews) - Paychex Inc. (PAYX) released a profit for its fourth quarter that increased from the same period last year.

The company's profit totaled $228.5 million, or $0.63 per share. This compares with $195.3 million, or $0.54 per share, in last year's fourth quarter.

Excluding items, Paychex Inc. reported adjusted earnings of $219.1 million or $0.61 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $871.1 million from $798.6 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q4): $219.1 Mln. vs. $194.3 Mln. last year. -EPS (Q4): $0.61 vs. $0.54 last year. -Analysts Estimate: $0.62 -Revenue (Q4): $871.1 Mln vs. $798.6 Mln last year.