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Update: Coursera Shares Fall After Q2 Results

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(Updates to add the company's latest stock move in the headline and in the first paragraph.)

Coursera (COUR) shares were down 17% in Thursday trading after the company reported its Q2 results late Wednesday.

The company posted quarterly adjusted earnings of $0.17 per diluted share, up from $0.12 a year earlier.

Analysts polled by FactSet expected $0.14

Revenue for the quarter ended June 30 was $298.6 million, up from $187.1 million a year earlier. Analysts expected $296.9 million.

For Q3, the company expects revenue of $364 million to $372 million. Analysts expect $369.6 million.

The company now expects full-year revenue in the range of $1.22 billion to $1.23 billion, up from prior outlook of $805 million to $815 million. Analysts expect $1.23 billion.

Price: $5.14, Change: $-1.05, Percent Change: -16.91%

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