Coursera Shares Climb Following Better-Than-Expected Q2 Results

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

The Details: Coursera 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.

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“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 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 shares are up 16.33% after-hours at $8.62 at the time of publication Thursday.

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Photo: Pete Linforth from Pixabay