By Roshan Fernandez
Shares of Coursera climbed after the online course provider reported first-quarter results and revenue guidance that beat Wall Street expectations.
Shares advanced 13% to $8.71 on Friday. Year to date, they're up 2.4%.
The Mountain View, Calif.-based company late Thursday reported a net loss of $7.8 million, or 5 cents a share, compared with a loss of $21.4 million, or 14 cents a share, a year earlier.
Adjusting for one-time items, earnings per share were 12 cents, above the 8 cents that analysts polled by FactSet were looking for.
Revenue was up 6% to $179.3 million. Analysts polled by FactSet expected $175.4 million.
The quarter's results were the first since former Amazon.com executive Greg Hart took over as Coursera's chief executive officer in February.
For the second quarter, the company said it expects revenue between $179 million and $183 million. Analysts expected $176.9 million.
The company's full-year guidance pegs revenue at between $720 million to $730 million. Analysts expected $720.1 million.
"Our growth expectations for the full year have improved as we begin to implement new operating capabilities with a focused set of initiatives," said Chief Financial Officer Ken Hahn.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
April 25, 2025 11:55 ET (15:55 GMT)
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