Procore Technologies: Q3 Earnings Snapshot
CARPINTERIA, Calif. (AP) — CARPINTERIA, Calif. (AP) — Procore Technologies Inc. (PCOR) on Wednesday reported a loss of $43.8 million in its third quarter.
On a per-share basis, the Carpinteria, California-based company said it had a loss of 31 cents. Earnings, adjusted for stock option expense and amortization costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The construction management software posted revenue of $247.9 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $233.4 million.
For the current quarter ending in December, Procore Technologies said it expects revenue in the range of $247 million to $249 million.
The company expects full-year revenue in the range of $937 million to $939 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCOR at https://www.zacks.com/ap/PCOR
