Paycom Tops Q3 Earnings Estimates: Will Strong Results Lift the Stock?

Paycom Software, Inc. (PAYC) reported better-than-expected third-quarter 2024 results. The online payroll and human resource technology provider reported non-GAAP earnings of $1.67 per share for the third quarter, beating the Zacks Consensus Estimate of$1.62.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.However, the bottom line declined 5.6% year over year as the benefits of higher revenues and lower share count were more than offset by increased operating expenses, interest expe ...