Why Instructure Stock Climbed 20.6% in October
Shares of Instructure (NYSE: INST) gained 20.6% in October, according to data from S&P Global Market Intelligence. The education technology company marched higher in conjunction with market momentum and then posted steeper gains following its third-quarter earnings release.
INST data by YCharts.
Instructure published third-quarter earnings on Oct. 28, recording sales and earnings that topped the market's expectations. The company recorded a non-GAAP (adjusted) loss per share of $0.11 on revenue of $68.34 million, while the average analyst estimate projected a loss per share of $0.19 on sales of $68.08 million.
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Instructure's adjusted operating loss narrowed from $5.67 million in the third quarter of 2018 to roughly $3.68 million in this year's ...