Chegg (CHGG) Beat Expectations and Expanding Services into Writing - Jefferies
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Go back to Chegg (CHGG) Beat Expectations and Expanding Services into Writing - Jefferies
May 2, 2016 4:06 PM EDT
Chegg (NYSE: CHGG) reported Q1 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $66.7 million versus the consensus estimate of $62.86 million.
GUIDANCE:
Chegg sees Q2 2016 revenue of $48-52 million, versus the consensus of $50.1... More
May 2, 2016 4:02 PM EDT
Chegg, Inc. (NYSE: CHGG), the Student Hub, acquired Imagine Easy Solutions, the provider of popular service EasyBib.com and other essential writing tools with capabilities such as citations, bibliography, writing structure and anti-plagiarism, used by more than 7 million unique users in March 2016.
We know that writing is one of the biggest pain points for students today, with about one quarter of all college freshmen required to take remedial writing courses and employers rating less than 30% of recent graduates as being well prepared written communicators, said Dan Rosensweig, Chairman and CEO of Chegg.... More
