Paycom’s stock plunges 25% as payroll company whiffs on earnings outlook

Paycom Software Inc. shares were set to shed a quarter of their value, based on Tuesday’s after-hours action, as the company, which makes payroll and human-resources software, came up short with its quarterly outlook.

For the third quarter, Paycom delivered net income of $75.2 million, or $1.30 a share, compared with $52 million, or 90 cents a share, in the year-earlier period. The company notched adjusted earnings per share of $1.77, ahead of the $1.61 that analysts were projecting.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Development and construction company Koontz Corp. celebrates 25 years of successSPONSORED: San Antonio-based Koontz Corp. is an industry leader in the development and construction of properties throughout Texas.
Sumber: SAReport - 🏆 252. / 63 Baca lebih lajut »

The Small Robot Company Stories, Data, Wiki and Company NewsGet the most recent info and news about The Small Robot Company on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.
Sumber: hackernoon - 🏆 532. / 51 Baca lebih lajut »