Paylocity Holdings Sees FY24 Revenue $1.384B-$1.389B Vs $1.408B Est.
Portfolio Pulse from Benzinga Newsdesk
Paylocity Holdings projects its FY24 revenue to be between $1.384 billion and $1.389 billion, which is below the estimated $1.408 billion.
February 08, 2024 | 9:47 pm
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Paylocity Holdings projects lower-than-expected FY24 revenue, forecasting between $1.384 billion and $1.389 billion versus an estimate of $1.408 billion.
The projected revenue for FY24 being below the estimated figures suggests a potential negative impact on investor sentiment and stock price in the short term. Investors often react to earnings forecasts as they adjust their expectations for the company's future profitability and growth.
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