By Katherine Hamilton
Paycor narrowed its loss and said revenue rose in its last financial report before it is set to be acquired by competitor Paychex.
The Cincinnati-based human resources management company had a loss of $2.05 million, or 1 cent a share, in the three months ended Dec. 31, compared with a loss of $26.2 million, or 15 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were 14 cents, ahead of the 11 cents forecast by analysts, according to FactSet.
Revenue rose 13% to $180.4 million. Analysts surveyed by FactSet forecast revenue of $177.1 million.
The company said in January it agreed to be acquired by Paychex in a $4.1 billion deal, which is expected to close in the first half of this year. Paycor said it wouldn't host an earnings call because of the acquisition and didn't provide guidance for the third quarter.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 05, 2025 16:51 ET (21:51 GMT)
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