Paycom Software (PAYC) raised its full-year sales outlook Tuesday after second-quarter earnings and revenue easily topped Wall Street targets amid the shift to cloud computing. The cloud-based developer of payroll and human resources software said adjusted Q2 earnings soared 150% to 10 cents per share, beating by 4 cents. Revenue jumped 47% to $49 million, above views for $45.8 million. The Oklahoma City-based company sees Q3 revenue of $51
Stocks went for a wild ride this past week, with a swath of earnings reports from big names. But the roller coaster of Q2 results isn’t slowing down just yet. Ten top-rated IBD 50 stocks are all geared up to issue their quarterly performances: Allergan (AGN), Regeneron Pharmaceuticals (REGN), Jazz Pharmaceuticals (JAZZ), Monster Beverage (MNST), Gray Television (GTN), Paycom Software (PAYC), Criteo (CRTO), Epam Systems (EPAM), AMC Networks (AMCX),
Paycom Software (PAYC) stock reversed to the negative Wednesday after initially rising as much as 9.5%, after the HR software maker late Tuesday reported Q4 EPS and revenue that topped expectations and forecast current-quarter sales above views. Paycom Software competes with Automatic Data Processing (ADP) and Workday (WDAY). Paycom swing to a profit in Q4, earning 6 cents per share, compared with a 2-cent per-share loss in the year-earlier