Paylocity's full-year revenue guidance disappoints despite b...

Moomoo AI Feb 9, 2024 05:52

Paylocity's full-year revenue guidance disappoints despite beating earnings estimates, causing an 8.6% stock price drop. Steady QoQ growth suggests sustainability, but expected YoY slowdown next quarter is worrisome. High free cash flow due to asset-lite model and strong position is a plus.

Paylocity (NASDAQ:PCTY) Reports Q2 In Line With Expectations But Stock Drops

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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