Coursera stock sank today despite reporting stronger-than-expected Q3 results. The education-services specialist raised its full-year sales guidance in response to last quarter’s strong results and continued momentum. Investors still sold out of Coursera stock today due to the company’s adjusted EBITDA guidance coming in below expectations. Coursera’s share price fell 12.9% in Friday’s trading despite posting better-than-expected sales and earnings for the third quarter. Revenue increased roughly 10% year over year last quarter, prompting an increase in full-year sales guidance, but disappointing profitability guidance led to significant valuation contraction. For the fourth quarter, Coursera is targeting revenue between $189 million and $193 million, above Wall Street’s expectations, but adjusted EBITDA guidance fell short. The Motley Fool Stock Advisor team did not include Coursera in their list of the 10 best stocks to buy now.

Read more at Nasdaq: Why Coursera Stock Plummeted Today