Dayforce: Q3 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Dayforce Inc (DAY) on Wednesday reported third-quarter profit of $2 million.

The Minneapolis-based company said it had net income of 1 cent per share. Earnings, adjusted for stock option expense and amortization costs, were 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The provider of human-resources software and services posted revenue of $440 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $428.4 million.

For the current quarter ending in December, Dayforce said it expects revenue in the range of $452 million to $457 million.

The company expects full-year revenue of $1.75 billion.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up