Coursera Shares Fall After Q3 Results, Lower FY24 Revenue Guidance
Portfolio Pulse from Erica Kollmann
Coursera's shares fell after reporting Q3 results that beat earnings and revenue estimates but provided lower FY24 revenue guidance. Despite growth in consumer, enterprise, and degrees segments, the outlook for Q4 and FY24 revenue was below expectations, leading to a 14.96% drop in share price.
October 24, 2024 | 9:26 pm
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Coursera's Q3 earnings beat estimates, but lower FY24 revenue guidance led to a significant drop in share price. The company showed growth across segments but failed to meet future revenue expectations.
Coursera reported better-than-expected Q3 earnings and revenue, but the market reacted negatively to the lowered FY24 revenue guidance. This suggests that while the company is performing well currently, future growth expectations have been tempered, leading to a sell-off.
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IMPORTANCE 90
RELEVANCE 100