Paycom Software, Inc. Q3 Profit Beats Estimates

(RTTNews) - Paycom Software, Inc. (PAYC) released earnings for third quarter that beat the Street estimates.

The company's earnings came in at $73.28 million, or $1.31 per share. This compares with $75.22 million, or $1.30 per share, in last year's third quarter.

Excluding items, Paycom Software, Inc. reported adjusted earnings of $93.42 million or $1.67 per share for the period.

Analysts on average had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $451.93 million from $406.30 million last year.

Paycom Software, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $73.28 Mln. vs. $75.22 Mln. last year. -EPS (Q3): $1.31 vs. $1.30 last year. -Revenue (Q3): $451.93 Mln vs. $406.30 Mln last year.

-Guidance: Next quarter revenue guidance: $477 - $484 Mln Full year revenue guidance: $1.866 - $1.873 Bln