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Paychex reports earnings increase

Penfield, N.Y. -- Paychex, Inc. shareholders can celebrate a strong third quarter for the fiscal year.

The company said its income and revenue increased in its latest earnings report.

Paychex reported a 7 percent revenue increase to $626 million, and an 11 percent net income increase to $160 million.

Shares also rose $1.48 apiece.

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Washington Times