From Nasdaq: 2024-11-08 20:05:02

Instructure Holdings (INST) reported quarterly earnings of $0.23 per share, beating estimates of $0.21 per share and showing a 9.52% surprise. The company’s revenues were $173.16 million, exceeding expectations by 2.33%. Instructure shares have declined 12.7% this year. Analysts are looking to management commentary for future guidance.

Rackspace (RXT), another tech services company, is set to release its quarterly results on November 12. The company is expected to post a loss of $0.08 per share, with revenues projected to decrease by 8.5% year-over-year. Analysts are closely monitoring earnings estimates for potential stock movements in the near future.

Zacks experts have identified a top stock pick with the potential to double in value. This company targets millennial and Gen Z audiences, generating significant revenue. Analysts recommend taking advantage of the recent pullback in stock price. Investors can access more top stock recommendations from Zacks Investment Research.

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Read more at Nasdaq: Instructure Holdings (INST) Q3 Earnings and Revenues Top Estimates