U.S. Markets closed

Paycom: 1Q Earnings Snapshot

OKLAHOMA CITY (AP) _ Paycom Software Inc. (PAYC) on Tuesday reported first-quarter earnings of $47.3 million.

The Oklahoma City-based company said it had profit of 81 cents per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The maker of human-resources and payroll software posted revenue of $199.9 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $195.6 million.

For the current quarter ending in July, Paycom said it expects revenue in the range of $162.5 million to $164.5 million.

The company expects full-year revenue in the range of $718 million to $720 million.

Paycom shares have risen 65% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $202.54, a climb of 77% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYC at https://www.zacks.com/ap/PAYC