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Paylocity: Fiscal 4Q Earnings Snapshot

August 9, 2018

ARLINGTON HEIGTHS, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Thursday reported a loss of $1.6 million in its fiscal fourth quarter.

The Arlington Heigths, Illinois-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 11 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $96.6 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $93.2 million.

For the year, the company reported profit of $38.6 million, or 70 cents per share. Revenue was reported as $363.5 million.

For the current quarter ending in October, Paylocity said it expects revenue in the range of $97.5 million to $98.5 million.

The company expects full-year revenue in the range of $451 million to $453 million.

Paylocity shares have risen 36 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.05, a rise of 43 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCTY at https://www.zacks.com/ap/PCTY

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