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Coursera Shares Climb Following Better-Than-Expected Q2 Results
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Coursera Shares Climb Following Better-Than-Expected Q2 Results
Jul 25, 2024 2:20 PM

Coursera, Inc ( COUR ). reported its second-quarter financial results Thursday. Here's a look at the details from the report. 

The Details: Coursera ( COUR ) reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 1 cent by 800%. The company reported quarterly sales of $170.337 million which beat the analyst consensus estimate of $164.413 million by 3.6% and is a 10.82% increase from the same period last year.

Cousera said it surpassed more than 2 million enrollments in generative AI catalog and launched a record number of entry-level Professional Certificates from leading industry partners like industry partners Google Cloud, IBM, Meta Platroms and Microsoft.

Read Also: What’s Going On With Super Micro Computer Stock?

“We are excited to surpass more than two million enrollments in our generative AI catalog of courses, credentials, and hands-on projects created by the world’s top technology companies and research universities,” said Coursera ( COUR ) CEO Jeff Maggioncalda.

“Individuals and institutions are looking to harness the potential of emerging technologies. With our global scale, trusted brands, and focus on high-quality credentials, we are creating a leading destination for learners looking to discover, develop, and demonstrate generative AI skills for career advancement.”

COUR Price Action: According to Benzinga Pro, Coursera ( COUR ) shares are up 16.33% after-hours at $8.62 at the time of publication Thursday.

Read Next: 

QuantumScape Stock Falls On Q2 Results: Here’s Why

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