Procore Technologies: Q4 Earnings Snapshot

CARPINTERIA, Calif. (AP) — CARPINTERIA, Calif. (AP) — Procore Technologies Inc. (PCOR) on Thursday reported a loss of $29.5 million in its fourth quarter.

On a per-share basis, the Carpinteria, California-based company said it had a loss of 20 cents. Earnings, adjusted for stock option expense and amortization costs, were 17 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The construction management software posted revenue of $260 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $248.2 million.

For the year, the company reported a loss of $189.7 million, or $1.34 per share. Revenue was reported as $950 million.

For the current quarter ending in March, Procore Technologies said it expects revenue in the range of $262 million to $264 million.

The company expects full-year revenue of $1.14 billion.

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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