SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Instructure Holdings Inc. (INST) on Monday reported a loss of $5.7 million in its fourth quarter.
On a per-share basis, the Salt Lake City-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The education technology company posted revenue of $124.7 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $121.3 million.
For the year, the company reported that its loss narrowed to $34.2 million, or 24 cents per share. Revenue was reported as $475.2 million.
For the current quarter ending in March, Instructure said it expects revenue in the range of $126.5 million to $127.5 million.
The company expects full-year revenue in the range of $519.4 million to $523.4 million.
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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.