COUR - Why Coursera Stock Soared 17% After Earnings
Shares of Coursera (NYSE: COUR) stock rocketed to a 17.4% gain as of 12:07 p.m. EDT Wednesday despite the company having just reported Q2 2021 financial results that look "mixed" in the extreme.
On the one hand, Coursera blew away analyst targets for Q2 revenue, producing $102.1 million where Wall Street had expected only $91.5 million. On the other hand, though, Coursera appears to have missed analyst predictions on profit entirely. According to a writeup from TheFly.com this morning, instead of the predicted $0.11-per-share loss, Coursera lost $0.38 per share.
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Why Coursera Stock Soared 17% After Earnings