UPDATE: Chegg (CHGG) Tops Q2 EPS by 2c, Forms Strategic Alliance with Ingram Content Group

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Go back to UPDATE: Chegg (CHGG) Tops Q2 EPS by 2c, Forms Strategic Alliance with Ingram Content Group

Chegg (CHGG) Surges Amid Q2 Results, Outsourcing Deal; BofA/Merrill Lynch Reiterates Bullish View

August 5, 2014 11:07 AM EDT

Chegg (NYSE: CHGG) is sharply higher (+21%) after the company posted in-line second quarter results and more importantly announced a strategic alliance with Ingram Content Group Inc., the world's largest distributor of books, to outsource ~10% of its textbook... More