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Paycom Software boosts year outlook; Q1 earnings top estimates

May 02, 2023 4:39 PM ETPaycom Software, Inc. (PAYC)By: Max Gottlich, SA News Editor4 Comments
Paycom Center

wellesenterprises/iStock Editorial via Getty Images

Paycom Software (NYSE:PAYC) stock perked up as much as 3.5% in extended trading on Tuesday after delivering revenue guidance for the full year above Wall Street expectations after topping first-quarter top and bottom line consensus estimates.

The company now expects 2023 revenue

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Comments (4)

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Joseph Webster profile picture
"For the second quarter, revenue is expected to be $397M-$399M, in-line with the $393.3M consensus"
I'd call that a raise also.
Strong results!
@Joseph Webster

Where will it trade between tomorrow and May 19 - my puts and calls want to know.......
Joseph Webster profile picture
@JackCr I think it will be quite a bit higher in 2.5 years...2.5 weeks is above my pay grade :-)
But retaking the 50 MA looks like a given, assuming Powell doesn't throw a haymaker tomorrow. It might have trouble overtaking the 200 for some time, but hope to be wrong
@JackCr paying dividend too

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