Procore Technologies Q1 2024 Adj EPS $0.30 Beats $0.16 Estimate, Sales $269.000M Beat $263.154M Estimate
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies (NYSE:PCOR) reported Q1 2024 adjusted EPS of $0.30, surpassing the $0.16 estimate, with sales of $269M beating the $263.154M estimate, marking a 25.98% increase from the previous year.

May 01, 2024 | 8:27 pm
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Procore Technologies reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales growth.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales increase, is likely to positively impact investor sentiment and Procore Technologies' stock price in the short term. The company's performance exceeds analyst expectations, indicating strong operational efficiency and market demand for its offerings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100