Stock Analysis
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- NYSE:PCOR
Procore Technologies Second Quarter 2024 Earnings: Beats Expectations
Procore Technologies (NYSE:PCOR) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$284.3m (up 24% from 2Q 2023).
- Net loss: US$6.31m (loss narrowed by 88% from 2Q 2023).
- US$0.043 loss per share (improved from US$0.37 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Procore Technologies Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 80%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 25% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Procore Technologies has 3 warning signs we think you should be aware of.
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About NYSE:PCOR
Procore Technologies
Engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally.