Udemy Reports Fourth Quarter and Full Year 2023 Results
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Udemy (UDMY) slumps after poor guidance; Citi still bullish in the long term
February 15, 2024 6:35 AM ESTUdemy (NASDAQ: UDMY) saw its shares tumble more than 10% in premarket trading Thursday after the company issued disappointing revenue guidance for FQ1 and the full fiscal 2024.
For the fiscal Q4 2023, the education technology developer posted earnings per share (EPS) of $0.02, beating the loss per share of $0.02 anticipated by analysts. The company's quarterly revenue reached $189.5 million, also above the... More
Citi Defending Udemy Inc (UDMY)
February 15, 2024 5:32 AM ESTCiti analyst Thomas A Singlehurst reiterated a Buy rating and $22.00 price target on Udemy Inc (NASDAQ: UDMY).
The analyst comments "Udemys 4Q results are likely to received cautiously. The results themselves were solid enough but the commentary on execution errors during the... More
