Coursera tanks on surprise Q4 loss; appoints new CEO
30/01/2025 15:45
** Shares of e-learning platform Coursera COUR.N down
9.45% at $8.67
** Co posts surprise Q4 loss of 14 cents per share, while
analysts estimated a profit of 7 cents per share as per LSEG
data
** COUR expects Q1 revenue in the range of $173 mln to $177
mln vs estimates of $178.2 mln
** Company announced Greg Hart as its president and CEO,
effective February 3
** Hart succeeds Jeff Maggioncalda, who is set to retire
** 10 out of 13 brokerages rate the stock "buy" or higher; 2
"hold" and 1 "sell"; their median PT is $10
** Stock down 56.12% in 2024
(Reporting by Rishab Shaju in Bengaluru)
((Rishab.shaju@thomsonreuters.com))