Plus   Neg

Paycom Software, Inc. Q1 adjusted earnings Beat Estimates

Paycom Software, Inc. (PAYC) announced earnings for its first quarter that increased from last year.

The company's profit came in at $64.62 million, or $1.11 per share. This compares with $63.02 million, or $1.08 per share, in last year's first quarter.

Excluding items, Paycom Software, Inc. reported adjusted earnings of $85.91 million or $1.47 per share for the period.

Analysts had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $272.20 million from $242.37 million last year.

Paycom Software, Inc. earnings at a glance:

-Earnings (Q1): $85.91 Mln. vs. $77.93 Mln. last year.
-EPS (Q1): $1.47 vs. $1.33 last year.
-Analysts Estimate: $1.42
-Revenue (Q1): $272.20 Mln vs. $242.37 Mln last year.

Next quarter revenue guidance: $231 - $233 Mln
Full year revenue guidance: $1.017 - $1.019 Bln

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT