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Paychex Fiscal 1Q Profit Falls 17 Percent
Stock quotes in this article:
PAYX
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ROCHESTER, N.Y. (AP) — Paychex Inc. said Wednesday its fiscal first-quarter profit fell 17 percent as the recession hurt the payroll and personnel services provider's results.
Paychex said net income for the three months ended Aug. 31 fell to $123.6 million, or 34 cents per share, from $148.7 million, or 41 cents per share, in the year-ago period.
The latest quarter's profit matched the consensus forecast of analysts surveyed by Thomson Reuters. ...
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