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Stock impact report

Design Software Stocks Q4 Results: Benchmarking Procore (NYSE:PCOR) [Yahoo! Finance]

Procore Technologies, Inc. (PCOR) 
Company Research Source: Yahoo! Finance
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Procore (NYSE:PCOR) and the rest of the design software stocks fared in Q4. The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies. The 6 design software stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.8% since the latest earnings results. Procore (NYSE:PCOR) Used to manage the multi-year expansion of the Panama Canal that began in 2007, Procore (NYSE:PCOR) offers a software-a Show less Read more
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