Chegg (CHGG) Tops Q3 EPS by 3c, Offers Q4 Guidance
Chegg (NYSE: CHGG) reported Q3 EPS of ($0.12), $0.03 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $81.3 million versus the consensus estimate of $78.28 million.
Chegg sees Q4 revenue of $68-74 million, versus the consensus of $76.8 million.
- Digital Revenue in the range of $38 million and $42 million;
- Total Gross Margin on both a GAAP and Non-GAAP basis between 56% and 58%; and
- Adjusted EBITDA profit of between $10 million and $15 million.
For earnings history and earnings-related data on Chegg (CHGG) click here.