Paycom shares are trading lower after the company reported worse-than-expected Q3 sales results and issued Q4 and FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Paycom reported worse-than-expected Q3 sales results and issued Q4 and FY23 revenue guidance below estimates, causing its shares to trade lower.
November 01, 2023 | 12:43 pm
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Paycom's shares are trading lower due to worse-than-expected Q3 sales and lower revenue guidance for Q4 and FY23.
Paycom's shares are trading lower as the company reported worse-than-expected Q3 sales results and issued Q4 and FY23 revenue guidance below estimates. This negative financial performance is likely to impact investor confidence and could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100