Procore (PCOR) Tops Q3 EPS by 14c, provides outlook

Procore (NYSE: PCOR) reported Q3 EPS of $0.09, $0.14 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $248 million versus the consensus estimate of $233.77 million.

Fourth Quarter and Full Year 2023 Outlook:

Procore is providing the following guidance for the fourth quarter and full year 2023:

Fourth Quarter 2023 Outlook:

Revenue is expected to be in the range of $247 million to $249 million, representing year-over-year growth of 22% to 23%.
Non-GAAP operating margin is expected to be in the range of 2% to 3%.

Full Year 2023 Outlook:

Revenue is expected to be in the range of $937 million to $939 million, representing year-over-year growth of 30%.
Non-GAAP operating margin is expected to be in the range of 0.5% to 1%.

For earnings history and earnings-related data on Procore (PCOR) click here.

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