ROCHESTER, N.Y. (AP) _ Paychex Inc. (PAYX) on Tuesday reported fiscal first-quarter earnings of $211.6 million.

The Rochester, New York-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The payroll processor and human-resources services provider posted revenue of $932.2 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $895.4 million.

Paychex shares have decreased 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 5.5%. The stock has decreased slightly more than 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYX at https://www.zacks.com/ap/PAYX

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