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Chegg Q2 Earnings: Revenue, EPS Beat, But Soft Guidance Weighs On Shares
Chegg Inc (NYSE:CHGG) reported second-quarter financial results Monday after the bell. Here’s a look at the key metrics from the quarter.
Q2 Earnings: Chegg’s second-quarter revenue decreased 11% year-over-year to $163.1 million, beating the consensus estimate of $159.98 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 28 cents per share, beating analyst estimates of 22 cents per share.
Subscription services revenues decreased 11% year-over-year to $146.8 million. Subscription services subscribers fell 9% year-over-year to 4.4 million. Gross margin came in at ...