Coursera gains on raising annual revenue forecast

Coursera

27/10/2023 13:12

** Shares of learning platform Coursera  COUR.N  rise 10.5%
to ~$19 premarket
    ** Co raises FY23 revenue forecast to $628 mln-$632 mln from
$617 mln-$623 mln earlier on the back of sustained demand in
consumer segment
    ** "We believe content/professional certificates,
countercyclical trends, and execution on ad campaigns continue
to drive results" - RBC Capital markets
    ** Reports Q3 revenue of $165.54 mln, above analysts'
estimates of $158.9 mln, per LSEG data
    ** Co has beaten revenue estimates for seven of eight
quarters
    ** Up to Thursday's close, stock up 45.2% YTD

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com
https://twitter.com/ShristiAchar;))