Instructure Holdings Q3 2023 EPS $(0.04) May Not Compare To $0.20 Estimate, Revenue $134.92M Beats $132.641M Estimate
Portfolio Pulse from Benzinga Newsdesk
Instructure Holdings reported Q3 2023 earnings per share (EPS) of $(0.04), which may not compare favorably to the $0.20 estimate. However, the company's revenue of $134.92M beat the estimate of $132.641M.
October 30, 2023 | 8:48 pm
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Instructure Holdings' Q3 2023 EPS of $(0.04) is lower than the estimated $0.20, which could negatively impact the stock. However, the company's higher-than-expected revenue of $134.92M could offset this.
Instructure Holdings' lower-than-expected EPS could lead to a negative sentiment among investors, potentially driving the stock price down. However, the higher-than-expected revenue could counterbalance this effect, leading to a neutral short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100