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Stock impact report

Chegg Reports Strong Q1 2017 Financial Results and Raises Full Year Guidance

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: PR Newswire
SANTA CLARA, Calif., May 1, 2017 /PRNewswire/ -- Chegg, Inc. (NYSE:CHGG), the Smarter Way to Student, today reported financial results for the three months ended March 31, 2017."We exceeded our expectations for revenue and profitability driven by continued strong growth in Chegg Services, which just recorded its first million-plus subscriber quarter," said Dan Rosensweig, Chairman and CEO of Chegg.  "It's an exciting time for us as more students are turning to Chegg and using more of our services more often and engaging with each one for longer periods of time. This momentum gives us the confidence to raise our guidance for 2017."Q1 2017 Highlights:Total Net Revenues of $62.6 million, a decrease of 6% year-over-year Total Net Revenues to Non-GAAP Total Net Revenues growth increased 34% year-over-year * Chegg Services Revenues grew 61% year-over-year to $41.0 million, or 66% of total net revenues compared to 38% in Q1 2016 Net Loss was $6.4 million Non-GAAP Net Income was $5.7 million Show less Read more
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