SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Instructure Holdings Inc. (INST) on Tuesday reported a loss of $5.8 million in its fourth quarter.
The Salt Lake City-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 23 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.
The education technology company posted revenue of $135.4 million in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $134.5 million.
For the year, the company reported a loss of $34.1 million, or 24 cents per share. Revenue was reported as $530.2 million.
Instructure expects full-year revenue in the range of $655 million to $665 million.
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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