Paychex rises after Q3 profit beat

Shares of payroll services provider Paychex PAYX.O rise 3.3% to $93.64 premarket

Co discloses Q3 adjusted EPS of $1.71 vs estimate of $1.67, according to data compiled by LSEG

Says strong results were driven by $4.1 billion acquisition of Paycor HCM, which boosted number of clients and brought more high-end customers under PAYX's fold

Total revenue rose 20% to $1.81 billion in the quarter, PAYX says

Stock has lost 19% YTD as of last close