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Paychex (PAYX -3.5%) shares slide after FQ2 profit beat expectations helped by revenue growth in...
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Wednesday, December 21, 2011, 2:55 PM ETPaychex (PAYX -3.5%) shares slide after FQ2 profit beat expectations helped by revenue growth in its payroll processing business, but it offers a cautious outlook. Growth in its "checks per client," the number of paychecks clients issued divided by its average customer base, slowed to 1.5% from 2% Q/Q, and PAYX sees continued "moderation" in the measure.
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