Investing.com -

Paychex (NASDAQ:PAYX) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Paychex announced earnings per share of $0.61 on revenue of $915.1M. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $939.19M.

Paychex shares are down 8% from the beginning of the year , still down 14.08% from its 52 week high of $90.53 set on February 20. They are under-performing the Nasdaq which is up 16.28% year to date.

Paychex shares lost 0.49% in pre-market trade following the report.

Paychex follows other major Services sector earnings this month
Paychex's report follows an earnings missed by Lululemon Athletica on June 11, who reported EPS of $0.22 on revenue of $651.96M, compared to forecasts EPS of $0.23 on revenue of $691.63M.

Alimentation Couchen A had beat expectations on Tuesday with first quarter EPS of $0.47 on revenue of $9.69B, compared to forecast for EPS of $0.43 on revenue of $9,393M.