Chegg (CHGG) Tops Q4 EPS by 4c; Guides Revs Well Below the Street
Chegg (NYSE: CHGG) reported Q4 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $84.4 million versus the consensus estimate of $85.24 million.
Chegg sees Q1 2015 revenue of $76-80 million, versus the consensus of $87.1 million.
Chegg sees FY2015 revenue of $288-312 million, versus the consensus of $353.11 million.
"We set a record in the fourth quarter for members, customers and digital subscribers, and with the planned partnership with Ingram we can complete our transition to digital student hub, where we grow faster, have higher margins and create more value for students and investors," said Dan Rosensweig, chairman and CEO of Chegg. "Chegg's vision has always been to be the leading connected learning platform, and with higher education under well-deserved pressure for the first time in 200 years to produce measurable and positive outcomes for students, we believe our strong brand, technology, and strategy of Putting Students First positions us well to lead a massive market disruption."
For earnings history and earnings-related data on Chegg (CHGG) click here.