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Paychex (PAYX) Stock Falls Ahead of Tomorrow’s Earnings Release

NEW YORK (TheStreet) -- Paychex (PAYX - Get Report) stock is declining by 0.23% to $52.33 in late morning trading on Monday, before the company reports its fiscal 2016 second quarter financial results before the market open on Tuesday.

The company is expected to report a year-over-year increase in earnings and revenue.

Analysts have estimated for earnings of 51 cents per share on $724.47 million in revenue for the latest quarter.

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Last year, Paychex reported earnings of 47 cents per share on $676.3 million in revenue for the quarter ended November 30, 2014.

The Rochester, NY-based company provides management solutions for human resources, payroll, retirement and insurance services.

Earlier this month, Paychex acquired Advance Partners, which provides financial, operational and strategic services to the temporary staffing industry. The terms of the deal were not...


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