Instructure (INST) Tops Q3 EPS by 8c, Revenues Beat; Boosts FY18 EPS/Revenue Outlook Above Consensus

Instructure (NYSE: INST) reported Q3 EPS of ($0.15), $0.08 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $55.24 million versus the consensus estimate of $53.93 million.

"We delivered a solid third quarter with $55.2 million in revenue and realized meaningful year-over-year improvements to our operating margin," said Josh Coates, CEO at Instructure. "During the quarter, we had great success executing against our long-term strategy of providing a more robust suite of Bridge offerings as well as winning key deals in the extended enterprise space."

GUIDANCE:

Instructure sees FY2018 EPS of ($0.76)-($0.74) versus -0.90. Instructure sees FY2018 revenue of $208.5-209.5 million versus 207.58 million.

For earnings history and earnings-related data on Instructure (INST) click here.

You May Also Be Interested In

• Evercose ISI downgrades Reddit, says monetization may not offset traffic weakness
• BrightSpring Health Services, Inc. (BTSG) Tops Q3 EPS by 34c ; Offers Guidance
• Regal-Beloit (RBC) Tops Q3 EPS by 21c ; Offers Guidance