ROCHESTER, N.Y. (AP) _ Paychex Inc. (PAYX) on Wednesday reported fiscal first-quarter net income of $379.2 million.

The Rochester, New York-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.03 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The payroll processor and human-resources services provider posted revenue of $1.21 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.18 billion.

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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