Paycom's shares sank 8.6% in premarket trading after the company forecasted third-quarter revenue guidance that fell short of analysts' expectations.
for its fiscal third quarter. The company reported $1 in adjusted earnings per share on $9.17 billion of revenue. Analysts surveyed by Refinitiv were looking for 95 cents on earnings per share but $9.29 billion of revenue. The miss came even as same store sales boomed in China.
— CNBC's Tanaya Macheel, Alex Harring, Yun Li, Jesse Pound, Samantha Subin, Brian Evans, and Michelle Fox Theobald contributed reporting.
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