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0 0 0.0367219771756634 0.0241895960232443 0.0543303227613246 0.0606315199887978 0.0581110410978085 0.0566757683959952
Stock impact report

Paychex misses quarterly revenue estimates on weak client spending [Yahoo! Finance Canada]

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Shares of the Rochester, New York-based company about 2% in premarket trading. While the U.S. labor market has remained stable, the outlook is darkening for economic growth amid rising trade tensions and deep cuts in government spending, impacting demand for companies like Paychex. Still-high interest rates and policy uncertainty, especially around import tariffs, are making companies cautious about increasing headcount and prompting businesses to cut spending. Paychex, which has more than 745,000 clients in the U.S. and Europe, offers HR outsourcing, human capital management technology, payroll processing, and retirement and insurance solutions. In January, the company announced it would acquire payroll processing firm Paycor HCM for about $4.1 billion in cash in a deal expected to close in April 2025. The deal reflects a broader consolidation trend in the payroll and HR industry with payroll firm Automatic Data Processing in October purchasing management services provider Show less Read more
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