ARLINGTON HEIGHTS, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported a loss of $4.4 million in its fiscal fourth quarter.
The Arlington Heights, Illinois-based company said it had a loss of 9 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 3 cents per share.
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The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $40 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $38 million.
For the year, the company reported that its loss widened to $14 million, or 28 cents per share. Revenue was reported as $152.7 million.
For the current quarter ending in October, Paylocity expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.
The company said it expects revenue in the range of $41 million to $42 million for the fiscal first quarter.
Paylocity expects full-year results to range from a loss of 8 cents per share to a loss of 4 cents per share, with revenue ranging from $199 million to $203 million.
Paylocity shares have risen 42 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.08, an increase of 64 percent in the last 12 months.
This version corrects the spelling of Heights in the dateline and second paragraph.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCTY at http://www.zacks.com/ap/PCTY
Keywords: Paylocity, Earnings Report