Paylcity Holding Corporation shares are trading lower after the company reported Q4 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Paylocity Holding Corporation reported Q4 financial results and issued FY24 revenue guidance below estimates, causing its shares to trade lower.
August 04, 2023 | 3:46 pm
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NEGATIVE IMPACT
Paylocity's shares are trading lower due to disappointing Q4 results and lower than expected FY24 revenue guidance.
Paylocity's shares are trading lower as the company reported Q4 financial results and issued FY24 revenue guidance below estimates. This indicates that the company's performance did not meet market expectations, which negatively impacts investor sentiment and puts downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100