MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Coursera Inc (COUR) on Monday reported a loss of $21.3 million in its first quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 7 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The online learning platform posted revenue of $169.1 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $170.7 million.
For the current quarter ending in June, Coursera said it expects revenue in the range of $162 million to $166 million.
The company expects full-year revenue in the range of $695 million to $705 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COUR at https://www.zacks.com/ap/COUR
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