Earnings Volatility Drives These Stocks in a New Direction

Paychex Inc. (NASDAQ:PAYX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 0% to $0.34 in the quarter versus EPS of $0.34 in the year-earlier quarter. Revenue Rose 6.13% to $585.3 million from the year-earlier quarter.

Paychex Inc. reported adjusted EPS income of $0.34 per share. By that measure, the company missed the mean analyst estimate of $0.38. It missed the average revenue estimate of $585.96 million.

PAYX

SYNNEX Corp. (NYSE:SNX) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 10% to $0.81 in the quarter versus EPS of $0.90 in the year-earlier quarter. Revenue Rose 4.37% to $2.59 billion from the year-earlier quarter.

SYNNEX Corp. reported adjusted EPS income of $0.81 per share. By that measure, the company missed the mean analyst estimate of $0.81. It beat the average revenue estimate of $2.5 billion.

SNX

Mitel Networks Corp. (NASDAQ:MITL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased 16.67% to $0.25 in the quarter versus EPS of $0.30 in the year-earlier quarter. Revenue Decreased 4.25% to $150.9 million from the year-earlier quarter.

Mitel Networks Corp. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $145.71 million.

MITL

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