OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported third-quarter earnings of $110.7 million.
The Oklahoma City-based company said it had profit of $1.96 per share. Earnings, adjusted for one-time gains and costs, came to $1.94 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The maker of human-resources and payroll software posted revenue of $493.3 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $492.4 million.
Paycom expects full-year revenue in the range of $2.05 billion to $2.06 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 PAYC at https://www.zacks.com/ap/PAYC
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