Coursera Shares Fall After Q3 Results, Lower FY24 Revenue Guidance

Coursera, Inc. (NYSE:COUR) shares are trading lower after the company reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.  

The Details: Coursera reported quarterly earnings of 10 cents per share, which beat the analyst consensus estimate of two cents. Quarterly revenue came in at $176.089 million, which beat the analyst consensus estimate of $173.979 million and is an increase over sales of $165.54 million from the same period last year.

Consumer revenue was $102.3 million, up 3% from a year ago on growth in Coursera Plus, including recent certificate launches from industry partners. Segment gross margin was $55.3 million, or 54% of consumer revenue, compared to 52% a year ago. ...