Why Instructure Stock Climbed 20.6% in October



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    Summary:

     

    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.

    Image source: Getty Images. So what

    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 ...

     

     

    Read Full News: https://www.nasdaq.com/articles/why-instructure-stock-climbed-20.6-in-october-2019-11-10


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