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Paychex Earnings Review: 19 Days after Announcement Shares Down 2.7% (PAYX)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
When Paychex (NASDAQ:PAYX) reported earnings 19 days ago on December 19th, 2012, analysts, on average, expected the company to report earnings of $0.41 on sales of $573.0 million. The company actually reported EPS of $0.41 on sales of $569.4 million, beating EPS estimates by $0.00 and missing revenue estimates by $3.6 million. Shares of Paychex have slipped from $33.05 to $32.17, representing a loss of 2.7%, since the company reported earnings 19 days ago.
Paychex share prices have moved between a 52-week high of $34.70 and a 52-week low of $29.12 and are now trading 10% above that low price at $32.17 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
SmarTrend is tracking the current trend status for Paychex and will alert subscribers who have PAYX in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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