Paycom Software Processes Another Beat

Paycom Software Processes Another Beat

Paycom Software (NYSE: PAYC), a company focused on payroll and human resources software, reported its third-quarter results on Tuesday, Oct. 31. The company produced revenue that topped its own expectations and raised guidance yet again. Shares were down about 8% as of 1:30 p.m. Wednesday, apparently because guidance was below analyst expectations.

Let's dig into the details to get a better sense of what happened at Paycom this quarter.

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Source: Fool.com