Paylocity Holding (PCTY) Tops Q2 EPS by 21c

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Paylocity (PCTY) tops FQ2 estimates but shares slide on guidance cut

February 9, 2024 3:51 AM EST

Paylocity Holdings (NASDAQ: PCTY) shares tumbled more than 8% in after-hours trading Thursday after the firm reduced guidance for the full year, missing consensus estimates.

For the fiscal second quarter, the HR and payroll software provider reported earnings per share (EPS) of $1.49, which outdid the analyst forecasts of $1.28. The company's revenue for the quarter also exceeded... More