Paycom Software Q2 2024 Adj. EPS $1.62 Beats $1.60 Estimate, Sales $438.000M Beat $436.427M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paycom Software (NYSE:PAYC) reported Q2 2024 adjusted EPS of $1.62, beating the estimate of $1.60. Sales were $438 million, surpassing the $436.427 million estimate and showing a 9.19% increase from the same period last year.
July 31, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Paycom Software reported better-than-expected Q2 2024 earnings and sales, with EPS of $1.62 beating the $1.60 estimate and sales of $438 million surpassing the $436.427 million estimate. This represents a 9.19% increase in sales from the same period last year.
The better-than-expected earnings and sales figures, along with a significant year-over-year increase in sales, are likely to positively impact Paycom Software's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100