Procore Technologies: NYSE:PCOR Stock Price, Quotes, and Forecasts.

The article discusses the stock market and the performance of companies such as Meta Platforms and Microsoft Corp. It also mentions the overall trend of stocks heading for weekly gains and US Treasury yields falling below 4.5%. Additionally, it mentions Procore Technologies and a cyber security analyst who is no longer bullish on the stock. The article also lists top 5 downgrades for the day.

Meta Platforms Inc. (META) and Microsoft Corp. (MSFT) both reported robust financial results in their respective quarters, with Meta exceeding expectations in Q2 2025 and Microsoft delivering strong Q4 FY2025 performance. Meanwhile, the U.S. stock market reacted to a mixed set of earnings and President Trump's revised tariff structure, with the Dow Jones Industrial Average futures declining 402 points, or 0.9%, on Friday, August 1.

Meta Platforms' Q2 2025 Earnings
Meta reported Q2 2025 earnings of $47.5 billion, surpassing analyst estimates by 22% and marking a 38% year-over-year (YoY) increase in earnings per share (EPS) to $7.14 [1]. Daily active users rose 6% to 3.48 billion, and ad impressions increased by 11% with a 9% rise in average ad price. The company spent $17.01 billion on capital expenditures, a 101% YoY increase, and expects to invest between $64-72 billion in capex for 2025 [1].

Microsoft's Q4 FY2025 Earnings
Microsoft reported Q4 FY2025 earnings, with cloud demand driving growth. The company's overall revenue rose 20% to $38.1 billion, exceeding estimates, driven by a 24% increase in cloud sales to $20.3 billion [2]. Microsoft's cloud business now accounts for 52% of its total revenue, with Azure's revenue growing 39% YoY in constant currency [2]. The company expects to invest more than $30 billion in capital expenditures for Q1 FY26, with half of the investment going towards long-lived assets [2].

US Stock Market Reaction
US stock futures declined on Friday, August 1, as traders assessed President Trump’s revised tariff structure and a mixed set of Big Tech earnings. Amazon shares fell over 6% after issuing weaker-than-expected operating income guidance for the current quarter, while Apple gained 2% after posting better-than-expected earnings and revenue [3]. The Dow Jones Industrial Average futures dropped 402 points, or 0.9%, while the S&P 500 and Nasdaq-100 futures fell 0.9% and 1%, respectively [3].

US Jobs Report and Tariff Announcements
The U.S. economy added just 73,000 nonfarm payroll jobs in July, missing economist expectations of a 100,000 gain [3]. Additionally, President Trump announced updated tariffs ranging from 10% to 41%, with an additional 40% levy on items transshipped to bypass duties [3]. The tariffs will significantly impact Canadian imports, with a 35% tariff now in place [3].

References
[1] https://www.ainvest.com/news/meta-exceeds-expectations-record-revenue-earnings-growth-invests-heavily-ai-2508/
[2] https://www.ainvest.com/news/microsoft-q4-results-exceed-expectations-cloud-demand-drives-growth-2508/
[3] https://www.cnbctv18.com/market/us-stock-market-live-updates-dow-jones-nasdaq-sp-500-futures-slip-as-traders-await-july-jobs-report-trump-revised-tariff-rates-liveblog-19647323.htm