SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported fiscal third-quarter earnings of $91.5 million.
On a per-share basis, the Schaumburg, Illinois-based company said it had net income of $1.61. Earnings, adjusted for stock option expense and amortization costs, came to $2.43 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $454.5 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $442.1 million.
For the current quarter ending in June, Paylocity said it expects revenue in the range of $385.5 million to $390.5 million.
The company expects full-year revenue in the range of $1.58 billion to $1.59 billion.
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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
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