India, June 25 -- Paychex, Inc. (PAYX) is down 7.35 percent to $141.06, a decline of $11.19 on Wednesday, after reporting disappointing fourth-quarter earnings. Although total revenue rose to $1.43 billion from $1.30 billion year over year, net income dropped to $297.2 million from $379.9 million, weighing on investor sentiment.
The stock opened at $145.38 and has traded between $137.20 and $146.00 so far today on the Nasdaq. Volume has surged to 3.4 million shares, well above the average of 2.05 million. Paychex's 52-week range is between $115.40 and $161.24.
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