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CARPINTERIA, Calif. (AP) — CARPINTERIA, Calif. (AP) — Procore Technologies Inc. (PCOR) on Thursday reported a loss of $33 million in its first quarter.
On a per-share basis, the Carpinteria, California-based company said it had a loss of 22 cents. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The construction management software posted revenue of $310.6 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $302.3 million.
For the current quarter ending in June, Procore Technologies said it expects revenue in the range of $310 million to $312 million.
The company expects full-year revenue of $1.29 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCOR at https://www.zacks.com/ap/PCOR