Coursera stock climbs 16% after surpassing revenue expectations despite profit shortfall.
Sectors & Industries
August 2, 2024
Coursera shares soared 16% July 25th after the company reported second-quarter revenue of $170 million, beating analysts' estimates of $164 million despite posting a loss of 15 cents per share.
Analysts had expected earnings of 1 cent per share.
For the current quarter ending in September, Coursera said it expects revenue in the range of $171 million to $175 million.
The company expects full-year revenue in the range of $695 million to $705 million.
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