Coursera’s stock rallies more than 14% after company’s narrower quarterly loss, raised guidance

Shares of Coursera Inc.

rallied more than 14% in the extended session Thursday after the open online course provider reported a narrower-than-expected third-quarter loss and raised its revenue guidance for the year. Coursera lost $32.1 million, or 21 cents a share, in the quarter, compared with a loss of $36 million, or 25 cents a share, in the year-ago period. Revenue rose 21% to $165.5 million, the company said. FactSet consensus called for a GAAP loss of 26 cents a share on sales of $158 million.

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