SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported fiscal third-quarter earnings of $111.3 million.
On a per-share basis, the Schaumburg, Illinois-based company said it had profit of $2.05. Earnings, adjusted for stock option expense and pretax expenses, were $2.89 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $502.3 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $489.3 million.
For the current quarter ending in June, Paylocity said it expects revenue in the range of $402.2 million to $407.2 million.
The company expects full-year revenue of $1.76 billion.
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