Chegg (NYSE: CHGG) reported Q2 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $56.3 million versus the consensus estimate of $53.33 million.

Business Outlook:

Third Quarter 2017

• Total Net Revenues in the range of $56 million to $58 million
• Chegg Services Revenues in the range of $37 million to $39 million
• Gross Margin between 60% and 62%
• Adjusted EBITDA in the range of $3 million to $4 million

Full Year 2017

• Total Net Revenues in the range of $241 million to $243 million
• Chegg Services Revenues in the range of $180 million to $182 million
• Gross Margin greater than 65%
• Adjusted EBITDA in the range of $41 million to $42 million
• Capital Expenditures in the range of $20 million to $25 million
• Free Cash Flow in the range of $18 million to $22 million

GUIDANCE:

Chegg sees Q3 2017 revenue of $56-58 million, versus the consensus of $56.78 million.

Chegg sees FY2017 revenue of $241-243 million, versus the consensus of $238.94 million.

For earnings history and earnings-related data on Chegg (CHGG) click here.