Procore Technologies Q2 Adj $0.39 Beats $0.25 Estimate, Sales $284.35M Beat $275.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Procore Technologies (NYSE:PCOR) reported strong Q2 earnings, with adjusted EPS of $0.39 beating the $0.25 estimate and sales of $284.35M surpassing the $275.25M estimate. This represents a significant year-over-year growth in both earnings and sales.
August 01, 2024 | 8:22 pm
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Procore Technologies reported Q2 earnings of $0.39 per share, significantly beating the analyst estimate of $0.25. Sales also exceeded expectations, coming in at $284.35M versus the $275.25M estimate. This strong performance indicates robust growth and could positively impact the stock price in the short term.
Procore Technologies' significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100