Paycom: Q1 Earnings Snapshot
OKLAHOMA CITY (AP) _ Paycom Software Inc. (PAYC) on Tuesday reported first-quarter net income of $91.9 million.
The Oklahoma City-based company said it had profit of $1.58 per share. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The maker of human-resources and payroll software posted revenue of $353.5 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $343.3 million.
For the current quarter ending in July, Paycom said it expects revenue in the range of $308 million to $310 million.
The company expects full-year revenue in the range of $1.33 billion to $1.34 billion.