MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Coursera Inc (COUR) on Thursday reported a loss of $20.5 million in its first quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 12 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The online learning platform posted revenue of $195.7 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $195.6 million.
For the current quarter ending in June, Coursera said it expects revenue in the range of $196 million to $200 million.
The company expects full-year revenue in the range of $805 million to $815 million.
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