CARPINTERIA, Calif. (AP) — CARPINTERIA, Calif. (AP) — Procore Technologies Inc. (PCOR) on Thursday reported a loss of $62.3 million in its fourth quarter.

The Carpinteria, California-based company said it had a loss of 42 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 1 cent per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The construction management software posted revenue of $302 million in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $297.7 million.

For the year, the company reported a loss of $106 million, or 72 cents per share. Revenue was reported as $1.15 billion.

For the current quarter ending in March, Procore Technologies said it expects revenue in the range of $301 million to $303 million.

The company expects full-year revenue of $1.29 billion.

_____

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