00:00 Speaker A
Our next trending ticker is Paychex. That stock is moving higher today after the payroll and HR software provider saw first quarter earnings in line with expectations, had $1.5 billion in revenue, adjusted earnings per share of $0.49. The company also noted its pending acquisition of rival Paycor is expected to close in April, and Paychex is an interesting one because it could be seen as a labor market proxy as well. So, doing okay here, and most of the analysts saying this was pretty much in line with expectations. So if people are looking for sort of tea leaves to the labor market, maybe this is a decent one.
01:02 Speaker B
Yeah, TD Cowen as a whole tear results show the company sustained overall growth is intact, just like an RBC sector performance so they’re a whole too, they say they flag here have a tightened operating margin to the higher end of their guidance range. Not a ton of love on the street though, actually, most on the sidelines, although the stock is up like 25% over the past year.
01:46 Speaker A
Mhm.