OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported first-quarter earnings of $247.2 million.
The Oklahoma City-based company said it had profit of $4.37 per share. Earnings, adjusted for stock option gains and pretax gains, were $2.59 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The maker of human-resources and payroll software posted revenue of $499.9 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $495.9 million.
For the current quarter ending in June, Paycom said it expects revenue in the range of $434 million to $438 million.
The company expects full-year revenue in the range of $1.86 billion to $1.89 billion.
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