On Wednesday, Shares of Paychex, Inc. (NASDAQ:PAYX), remained flat at $3.52.
Paychex, declared total service revenue of $712.2 million for the three months ended August 31, 2015 (the “first quarter”), an improvement of 8% from $656.6 million for the same period last year. Net income raised 22% to $209.1 million and diluted earnings per share raised 23% to $0.58 per share. Net income and diluted earnings per share were positively influenced by a net tax benefit recorded for income derived in preceding tax years, which resulted in an improvement in diluted earnings per share of about $0.06 for the first quarter. Not Taking Into Account this net tax benefit, both net income and diluted earnings per share would have raised 11% for the first quarter.
“We recently launched the new Paychex Flex Hiring module, which gives employers access to paperless recruiting and employee screening, along with a robust onboarding module, for a seamless flow of information and data access. We continue to provide enhancements to our integrated, SaaS product suite.”
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Shares of Honeywell International Inc. (NYSE:HON), inclined 2.35% to $94.69, during its last trading session.
The U.S. Army awarded Honeywell Aerospace (HON) $41 million to continue supplying its combat-proven radar altimeters for use across the Army’s full fleet of helicopter platforms.
Honeywell’s lightweight, compact APN-209 radar altimeter is a critical piece of safety and awareness equipment designed to work well in a helicopter’s operating environment, specifically in the hover phase and low-level flight.
“Honeywell has delivered more than 150,000 radar altimeters to defense and commercial customers around the world,” said Carey Smith, president, Defense and Space, Honeywell Aerospace. “Since 1975, Honeywell’s radar altimeters have assisted keep Army helicopters safe in multiple theaters of combat, and dramatically raised performance across missions and in all types of weather and conditions.”
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Finally, LyondellBasell Industries NV (NYSE:LYB), ended its last trade with 2.96% gain, and closed at $83.36.
Lyondell Basell, one of the world’s largest plastics, chemical and refining companies, is celebrating sixteen years of community service on Global Care Day. On Saturday, September 19th, about 2,600 LyondellBasell employees and their families will mobilize to volunteer in a variety of projects in 63 cities across the globe.
Each year, LyondellBasell encourages employees worldwide to collectively take part in community service projects that exemplify the Company’s Elements of Engagement philanthropic focus areas of education, environment and health.
LyondellBasell Industries N.V. operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers.
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