10:25 AM EDT, 07/26/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Coursera ( COUR ) shares rose 48.6% in recent Friday trading, a day after the company posted its Q2 results that beat analysts' estimates.

The company reported Q2 non-GAAP earnings Thursday of $0.09 per diluted share, compared with a breakeven a year earlier.

Analysts polled by Capital IQ expected non-GAAP earnings per share of $0.02.

Revenue for the quarter ended June 30 was $170.3 million compared with $153.7 million a year earlier.

Analysts polled by Capital IQ expected $164.6 million.

The company said it expects Q3 revenue of $171 million to $175 million. Analysts polled by Capital IQ expect $173.9 million.

For the full-year 2024, Coursera ( COUR ) reiterated its revenue outlook of $695 million to $705 million. Analysts polled by Capital IQ expect $699.5 million.

Price: 11.01, Change: +3.60, Percent Change: +48.58