Chegg (CHGG) Tops Q3 EPS by 5c; Guides Q4 Revs Below the Street
Chegg (NYSE: CHGG) reported Q3 EPS of ($0.22), $0.05 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $81.5 million versus the consensus estimate of $78.27 million.
Chegg sees Q4 2014 revenue of $82-87 million, versus the consensus of $94.7 million.
We had a great Q3 as we delivered record revenues and accelerating growth driven by our digital businesses and are very excited to announce two new partnerships for 2015," said Dan Rosensweig, chairman and CEO of Chegg.
He continued, "We are very excited today to announce a multi-year partnership with Blackboard that represents a significant new opportunity to enable millions of students to directly access Chegg's Digital Learning and Career Services through their college's website."
Rosensweig added, "We are also thrilled to announce a multi-year partnership with Fanatics beginning in 2015 which enables our students to buy their favorite college gear through Chegg."
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