Coursera Q1 2024 Adj EPS $0.07 Beats $0.01 Estimate, Sales $169.100M Miss $170.433M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coursera reported Q1 2024 earnings of $0.07 per share, surpassing the $0.01 estimate, but its sales of $169.1M fell short of the $170.433M forecast, marking a 14.53% year-over-year increase.
April 29, 2024 | 8:38 pm
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Coursera's Q1 2024 earnings per share exceeded expectations at $0.07, against a $0.01 estimate, but sales slightly missed estimates at $169.1M versus $170.433M expected.
Coursera's earnings beat is significant, showing strong profitability that could positively influence investor sentiment. However, the slight miss in sales forecasts may temper some of the enthusiasm. The substantial year-over-year sales growth indicates a strong underlying business momentum, which is likely to support the stock price in the short term.
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