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Why Paycom Software Stock Soared Today

TheMotleyFool

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Why Paycom Software Stock Soared TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of software-as-a-service provider Paycom Software (NYSE: PAYC) were up by more than 10% on Wednesday after reporting second-quarter earnings that beat analysts' expectations. As of 3:01 p.m. EDT, the stock was up 10.7%.

Paycom released its Q2 results after the closing bell Tuesday. Earnings per share came in at $0.97, which was better than the $0.83 analysts had been expecting.

Image source: Getty Images.

Source Fool.com

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