Paychex Q3: Profitability Concerns Trigger Stock Drop

Paychex stock plunges after Q3 results reveal a sharp drop in profitability, despite meeting revenue expectations. Investors are spooked by shrinking margins and missed EBITDA predictions, overshadowing otherwise solid sales growth. Is this a buying opportunity or a sign of deeper challenges ahead as Paychex navigates market shifts and a potential Paycor acquisition? Hosted on Acast. See acast.com/privacy for more information.