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Instructure: 2Q Earnings Snapshot

SALT LAKE CITY (AP) _ Instructure Inc. (INST) on Monday reported a loss of $20.7 million in its second quarter.

The Salt Lake City-based company said it had a loss of 56 cents per share. Losses, adjusted for one-time gains and costs, were 16 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The educational software developer posted revenue of $62.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $62.1 million.

For the current quarter ending in October, Instructure expects its results to range from a loss of 20 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $67.7 million to $68.3 million for the fiscal third quarter.

Instructure expects full-year results to range from a loss of 65 cents per share to a loss of 58 cents per share, with revenue ranging from $258 million to $260 million.

Instructure shares have climbed 5.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $39.58, a decline of 13% in the last 12 months.


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