On Wednesday, Shares of Instructure (NYSE: INST) rose 0.57% to $40.86. The stock traded total volume of 379,787 shares lower than the average volume of 491.94K shares.
Instructure Inc. (INST) reported a loss of $11.5M in its third quarter. The Salt Lake City-based company said it had a loss of 33 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 15 cents per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The educational software developer posted revenue of $55.20M in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $53.90M. For the current quarter ending in December, Instructure expects its results to range from a loss of 16 cents per share to a loss of 14 cents per share.
The company said it expects revenue in the range of $55.20M million to $56.20M for the fiscal fourth quarter. Instructure expects full-year results to range from a loss of 76 cents per share to a loss of 74 cents per share, with revenue ranging from $208.50M to $209.50M.
INST has the market capitalization of $1.39B and its EPS growth ratio for the past five years was -19.40%. The return on assets ratio of the Company was -19.10% while its return on investment ratio stands at -187.30%. Price to sales ratio was 7.03 while 88.20% of the stock was owned by institutional investors.