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Paylocity: Fiscal 3Q Earnings Snapshot

SCHAUMBURG, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Thursday reported fiscal third-quarter earnings of $28 million.

The Schaumburg, Illinois-based company said it had net income of 51 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 60 cents per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $139.6 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $135.8 million.

For the current quarter ending in June, Paylocity said it expects revenue in the range of $116.7 million to $117.7 million.

The company expects full-year revenue in the range of $464 million to $465 million.

Paylocity shares have increased 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $95.81, a rise of 82% 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