OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Tuesday reported first-quarter earnings of $119.3 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $2.06. Earnings, adjusted for stock option expense, were $2.46 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The maker of human-resources and payroll software posted revenue of $451.6 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $444.2 million.
For the current quarter ending in June, Paycom said it expects revenue in the range of $397 million to $399 million.
The company expects full-year revenue in the range of $1.71 billion to $1.72 billion.
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