Coursera Stock Jumps On Q3 Earnings: Key Metrics From The Quarter
Portfolio Pulse from Adam Eckert
Coursera Inc's Q3 financial results beat estimates, with revenues of $165.54 million and a loss of 1 cent per share. Revenues were up 21% YoY, with consumer revenue up 27%, enterprise revenue up 14%, and degrees revenue up 13%. The company raised its full-year outlook and expects Q4 revenue to be between $161 million and $165 million. Coursera's shares were up 16.30% in after-hours trading.
October 26, 2023 | 9:03 pm
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Coursera's Q3 results exceeded expectations, leading to a 16.30% increase in share price. The company also raised its full-year outlook.
Coursera's better-than-expected Q3 results and raised full-year outlook are positive signals for investors, leading to a surge in the company's share price. This indicates strong performance and potential for future growth.
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