Chegg (CHGG) Posts Q1 Loss of $0.34/Share
Get Alerts CHGG Hot Sheet
Join SI Premium – FREE
Chegg (NYSE: CHGG) reported Q1 EPS of ($0.34), which may not compare to the analyst estimate of ($0.07). Revenue for the quarter came in at $84.9 million versus the consensus estimate of $78.2 million.
Chegg sees Q2 2015 revenue of $61-65 million, versus the consensus of $62.22 million.
"2015 is off to a great start with continued momentum in digital revenue, members, customers, and user engagement," said Dan Rosensweig, Chairman and CEO of Chegg. "The Chegg team executed very well, cementing our relationship with Ingram Content Group, adding 500,000 new customers to the Chegg ecosystem, and growing our digital subscribers past 750,000 in the quarter. The strength of our brand, our focus on improving student outcomes and the fundamental shifts in higher education, position us well for long-term growth."
For earnings history and earnings-related data on Chegg (CHGG) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- American Express (AXP) down despite beating Q1 estimates on top and bottom lines
- Growth isn't weak enough to truly undercut inflation pressures - BMO
- MetroCity Bankshares, Inc. (MCBS) Tops Q1 EPS by 4c
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!