Instructure Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Instructure Holdings (NYSE:INST) reported its Q4 earnings on February 20, 2024, with an EPS of $0.23, matching estimates. Revenue increased by $10.65 million year-over-year. The company had previously beaten EPS estimates in Q3 2023, leading to a 1.61% share price increase the following day.
February 20, 2024 | 9:15 pm
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Instructure Holdings reported Q4 earnings with an EPS of $0.23, in line with estimates, and a revenue increase of $10.65 million from the previous year.
Given INST's history of stock price increase following a positive earnings report, the in-line EPS and revenue growth are likely to be viewed positively by the market. The company's consistent performance, as indicated by the year-over-year revenue increase and the previous quarter's positive impact on the stock price, suggests a potential short-term positive impact on INST's stock price.
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IMPORTANCE 90
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