U.S. Markets closed

Paylocity: Fiscal 3Q Earnings Snapshot

ARLINGTON HEIGTHS, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Thursday reported fiscal third-quarter earnings of $39.2 million.

On a per-share basis, the Arlington Heigths, Illinois-based company said it had net income of 71 cents. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $113.4 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $110.6 million.

For the current quarter ending in June, Paylocity said it expects revenue in the range of $92.6 million to $93.6 million.

The company expects full-year revenue in the range of $373.5 million to $374.5 million.

Paylocity shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.40, a rise of 33 percent 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 PCTY at https://www.zacks.com/ap/PCTY