Paylocity Holding Q3 EPS $2.21 Beats $1.99 Estimate, Sales $401.28M Beat $397.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paylocity Holding (NASDAQ:PCTY) reported Q3 earnings of $2.21 per share, surpassing the $1.99 estimate, marking an 11.06% beat and a 27.01% increase from last year. Sales reached $401.28M, exceeding the $397.18M estimate by 1.03% and showing an 18.07% increase from the previous year.
May 02, 2024 | 8:09 pm
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POSITIVE IMPACT
Paylocity's Q3 earnings and sales exceeded analyst expectations, with significant year-over-year growth in both metrics.
Beating earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year growth in both earnings and sales further strengthens the case for a positive impact on Paylocity's stock price.
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