RTTNews | Feb 10, 2021 04:17PM EST

16:16 Wednesday, February 10, 2021 (RTTNews.com) - Paycom Software, Inc. (PAYC) revealed earnings for fourth quarter that decreased from the same period last year.

The company's profit came in at $24.37 million, or $0.42 per share. This compares with $45.38 million, or $0.78 per share, in last year's fourth quarter.

Excluding items, Paycom Software, Inc. reported adjusted earnings of $49.09 million or $0.84 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $220.95 million from $193.41 million last year.

Paycom Software, Inc. earnings at a glance:

-Earnings (Q4): $49.09 Mln. vs. $50.47 Mln. last year.-EPS (Q4): $0.84 vs. $0.86 last year.-Analysts Estimate: $0.79-Revenue (Q4): $220.95 Mln vs. $193.41 Mln last year.

-Guidance:Next quarter revenue guidance: $270 - $272 Mln

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