Want to join the conversation?
The Rochester, New York-based company, $PAYX, said that it forecasts its FY16 earnings growth to between 8-9% compared to FY15 and anticipates an income tax rate of approx. 36%. The company's total service revenue to increase 7-8%. Payroll service revenue to range in 4-5% and HRS revenue to be 10-13%.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.