Coursera shares are trading lower after the company reported mixed Q1 financial results and issued Q2 & FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Coursera's stock price declined following the announcement of mixed Q1 financial results and the issuance of Q2 and full-year 2024 revenue guidance that fell short of analysts' expectations.
April 29, 2024 | 8:46 pm
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Coursera's shares declined due to mixed Q1 financial results and disappointing revenue guidance for Q2 and FY24.
The negative reaction in Coursera's stock price is directly tied to its mixed Q1 financial performance and the lower-than-expected revenue guidance for the upcoming quarter and full year. Investors typically react unfavorably to any signs of financial underperformance or pessimistic future revenue projections, leading to a decrease in stock price.
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