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 & FY24 revenue guidance that fell short of expectations.
April 30, 2024 | 10:14 am
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Coursera's shares declined due to mixed Q1 financial results and disappointing revenue guidance for Q2 & FY24.
The decline in Coursera's stock price is directly tied to its mixed Q1 financial performance and the lower-than-expected revenue guidance for the upcoming quarters. Investors typically react negatively to any signs of financial weakness or uncertainty about future growth, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100