Paycom sinks on weak Q4 forecast

Paycom Software

31/10/2023 21:54

** Shares of payroll processor Paycom Software  PAYC.N  down
30% at $170.65 in extended trading
    ** Co sees Q4 revenue between $420 million and $425 million
vs estimates of $452.3 million - LSEG
    ** Posts Q3 revenue of $406.3 million vs estimates of $411.2
million
    ** Net income was $1.30 per share vs 90 cents per share a
year ago
    ** Up to last close, stock had fallen 21% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))