COUR - Why Coursera Stock Was Tumbling Today
Shares of Coursera (NYSE: COUR) were pulling back Friday after the online education company posted a disappointing fourth-quarter report that missed estimates on the bottom line, and management offered weak guidance for the first quarter.
As of 3:20 p.m. ET, the stock was down 8.2%.
Revenue in the fourth quarter rose 24% to $142.2 million, topping analysts' consensus expectations of $138.1 million. The company posted solid growth in its consumer and enterprise segments, reflecting demand for professional certificates and a 43% increase in enterprise customers to 1,149.
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Why Coursera Stock Was Tumbling Today