Procore Technologies: Q1 Earnings Insights

Procore Technologies PCOR reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Procore Technologies beat estimated earnings by 108.33%, reporting an EPS of $0.01 versus an estimate of $-0.12.

Revenue was up $54.01 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 2.13% increase in the share price the next day.

Here's a look at Procore Technologies's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.14 -0.17 -0.17 -0.17
EPS Actual -0.08 -0.09 -0.19 -0.15
Revenue Estimate 189.98M 175.26M 162.08M 150.25M
Revenue Actual 202.05M 186.43M 172.21M 159.52M

To track all earnings releases for Procore Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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