Summary : SALT LAKE CITY (AP) _ Instructure Holdings Inc. (INST) on Monday reported a loss of $12.9 million in its second quarter. Earnings, adjusted for amortization costs and stock option expense, came to 25 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. For the current quarter ending in October, Instructure said it expects revenue in the range of $118.5 million to $119.5 million.
SALT LAKE CITY (AP) _ Instructure Holdings Inc. (INST) on Monday reported a loss of $12.9 million in its second quarter.
The Salt Lake City-based company said it had a loss of 9 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 25 cents per share.The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. The education technology company posted revenue of $114.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $110.7 million. For the current quarter ending in October, Instructure said it expects revenue in the range of $118.5 million to $119.5 million. The company expects full-year revenue in the range of $464.9 million to $468.9 million. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INST at https://www.zacks.com/ap/INST
