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PAYC / Paycom Software shares sink on 3Q revenue miss and weak guidance

Paycom Software stock plummeted almost 40% on Wednesday after the human resources and payroll software provider's third quarter revenue missed estimates and it provided weak guidance for the fourth quarter, full year, and 2024. For the quarter ended in September, the company posted earnings per share (EPS) of $1.77 on revenue of $406.3 million, against estimates of EPS of $1.62 on revenue of $411 million. Read More

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Paycom

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Weak

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PAYC

Posted: Nov 1 2023, 11:23

Author Name: Proactive Investors

PAYC News

By The Motley Fool
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A Once-in-a-Decade Investment Opportunity: 1 Magnificent Growth Stock to Buy Now and Hold Forever

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By The Motley Fool
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Why Paycom Software Stock Is Crashing Today

Paycom's Q3 results came in weaker than Wall Street anticipated. The company's guidance for Q4 and next year also disappointed investors.

By Investopedia
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Paycom Shares Tumble as Popularity of Its Automated System Eats Into Other Revenue Sources

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By Seeking Alpha
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Paycom Stock Tumbles: Upgrade To Strong Buy, $400 Million Net Cash, GAAP Profitability

Paycom stock plummeted after the company released earnings, despite solid revenue growth and profitability. The company's automated Beti product appea

By Proactive Investors
November 1, 2023

Paycom Software shares sink on 3Q revenue miss and weak guidance

Paycom Software stock plummeted almost 40% on Wednesday after the human resources and payroll software provider's third quarter revenue missed estimat

By Market Watch
November 1, 2023

Paycom's stock craters toward worst day on record as former bulls head for the hills

At least seven former bulls just cut bait on Paycom Software Inc. shares, which were melting down Wednesday after the company delivered a grim growth

By Barrons
November 1, 2023

Paycom Software Sinks 38% as Analysts Downgrade the Stock After Revenue Cut

Fourth-quarter guidance from the provider of cloud-based human capital management software was below analysts' estimates.

By Seeking Alpha
October 31, 2023

Paycom Software, Inc. (PAYC) Q3 2023 Earnings Call Transcript

Paycom Software, Inc. (NYSE:PAYC ) Q3 2023 Earnings Conference Call October 31, 2023 5:00 PM ET Company Participants James Samford - Head of IR Chad R

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