Paycom Q2 Earnings Surge: EPS $2.34, Revenue Up 9.8% to $531M
PAYC sits 91% above its 52-week low of $104.9.
Summary
Paycom delivered strong Q2 results with GAAP EPS of $2.34, up from $1.58 a year ago, on revenue of $531.2 million, a 9.8% increase. Non-GAAP EPS came in at $2.78 versus $2.06 last year. The company reaffirmed full-year revenue guidance of $2.197 billion to $2.212 billion, consistent with the outlook issued yesterday. This follows the board expansion and dividend declaration in recent weeks, painting a picture of steady execution. The earnings beat and maintained guidance should reinforce confidence in the payroll software leader's growth trajectory.
At the time of this announcement, PAYC was trading at $200.00 on NYSE in the Technology sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $104.90 to $248.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.