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Stock impact report

Chegg Reports Breakeven Q3 Earnings, Revenues Down Y/Y, Stock Up [Yahoo! Finance]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: Yahoo! Finance
Net revenues topped the consensus mark but tumbled year over year. Following the results, shares of this education technology company gained 3.4% in the after-hours trading session yesterday. The quarterly performance was hurt by a decline in the number of subscribers (ones who have paid to access its services), lower enrollments for the Chegg Skills offering and a decrease in advertising services revenues. On the other hand, elevated restricting charges across research and development, sales and marketing and general and administrative hurt the bottom line, alongside reduced leverage from its top-line performance. CHGG's Q3 Earnings & Revenue Discussion The company's breakeven earnings were above the Zacks Consensus Estimate of adjusted loss per share of 14 cents by 100%. In the year-ago quarter, it reported adjusted earnings per share (EPS) of nine cents. Net revenues of $77.7 million surpassed the consensus mark of $76 million by 1.8% but declined 43% year over year. Show less Read more
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