Movement Alert｜Procore Technologies Intraday Rise 15.66% in Regular Trading, quarterly results and full-year outlook beat expectations

Market Focus11-05

On November 5, Procore Technologies rose 15.66% in Regular Trading, trading at $72.91 per share, with turnover of $185 million.

The move followed a clear earnings-driven catalyst: the company reported quarterly results above market expectations, raised its full-year revenue outlook, issued fourth-quarter guidance ahead of consensus, and authorized a new share repurchase program of up to $300 million.

For the quarter ended September 30, adjusted EPS was $0.51, above expectations of $0.45-$0.46, while revenue reached $402.3 million, exceeding forecasts near $384.4 million. The company guided fourth-quarter revenue to $420 million-$422 million, above the expected $396.1 million, and lifted full-year revenue guidance to $1.557 billion-$1.559 billion from $1.510 billion-$1.514 billion, also above market expectations. The buyback authorization added further support to sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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