Procore Technologies Q4 2023 Adj EPS $0.17 Beats $0.07 Estimate, Sales $260.04M Beat $248.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies (NYSE:PCOR) reported Q4 2023 earnings of $0.17 per share, surpassing the $0.07 estimate, a 312.5% increase from last year. Sales reached $260.04M, beating the $248.27M estimate, marking a 28.70% increase from the previous year.
February 15, 2024 | 9:13 pm
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Procore Technologies reported a significant beat on both earnings and sales estimates for Q4 2023, with earnings per share at $0.17 and sales at $260.04M.
The substantial beat on both earnings per share and sales estimates for Q4 2023 indicates strong financial health and operational efficiency. A 312.5% increase in EPS from the previous year and a 28.70% increase in sales year-over-year are significant indicators of growth, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100