Stock Track | Coursera Stock Plunges as Weaker Revenue Outlook Overshadows Q3 Beat

Stock Track10-26

Online learning platform Coursera, Inc. (COUR) saw its stock plummet over 20% in pre-market trading on Thursday after the company reported its third-quarter 2024 results. While Coursera beat analysts' expectations for Q3 revenue and earnings, the sharp sell-off was triggered by the company lowering its full-year 2024 revenue guidance, citing macroeconomic headwinds and weaker consumer retention.

For the third quarter, Coursera reported adjusted earnings per share of $0.10, surpassing the consensus estimate of $0.02. Revenue climbed 6% year-over-year to $176.1 million, exceeding Wall Street's expectations of $173.98 million. However, the positive Q3 results were overshadowed by the company's disappointing revenue outlook for the fourth quarter and full year 2024.

Coursera lowered its full-year 2024 revenue guidance to $690-$694 million, down from the previous range of $695-$705 million and below the consensus estimate of $700 million. The company cited weaker consumer retention and a more challenging global operating environment as the primary reasons behind the lowered guidance. Additionally, Coursera announced plans to reduce its global workforce by about 10% as part of an expense reduction initiative aimed at focusing on initiatives that drive long-term growth.

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(COUR) saw its stock plummet over 20% in pre-market trading on Thursday after the company reported its third-quarter 2024 results. While Coursera beat analysts'...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COUR","symbol_name":"Coursera, Inc.","start_time":0,"source_url":"","article_id":"1148637162","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148637162","pubTimestamp":1729899759,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Online learning platform Coursera, Inc.  saw its stock plummet over 20% in pre-market trading on Thursday after the company reported its third-quarter 2024 results. While Coursera beat analysts' expectations for Q3 revenue and earnings, the sharp sell-off was triggered by the company lowering its full-year 2024 revenue guidance, citing macroeconomic headwinds and weaker consumer retention.For the third quarter, Coursera reported adjusted earnings per share of $0.10, surpassing the consensus esti","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COUR":"Coursera, Inc."},"translate_title":"股票追踪Coursera股价暴跌，收入前景疲软掩盖了第三季度的表现","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COUR":1},"content_text":"Online learning platform Coursera, Inc. (COUR) saw its stock plummet over 20% in pre-market trading on Thursday after the company reported its third-quarter 2024 results. 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