05:23 PM EDT, 08/01/2024 (MT Newswires) -- Procore Technologies ( PCOR ) reported Q2 non-GAAP net income late Thursday of $0.39 per diluted share, up from $0.02 a year earlier.

Analysts polled by Capital IQ expected $0.25 per share.

Revenue for the quarter ended June 30 rose to $284.3 million from $228.5 million a year earlier.

Analysts surveyed by Capital IQ expected $275.2 million.

For Q3, the company expects revenue of $286 million to $288 million. The consensus is for $291.7 million.

For 2024, Procore ( PCOR ) said it now projects revenue at $1.141 billion to $1.144 billion, compared with its prior range of $1.140 billion to $1.144 billion outlined in May. Analysts are looking for $1.142 billion.

Shares of Procore ( PCOR ) were down 6.3% in after-hours trading.

Price: 63.00, Change: -4.22, Percent Change: -6.28