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.

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