Chegg: Q4 Earnings Snapshot
By AP News
Published - Feb 06, 2023, 05:39 PM ET
Last Updated - Jun 22, 2023, 11:04 PM EDT
SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Chegg Inc. (CHGG) on Monday reported fourth-quarter earnings of $1.9 million.
The Santa Clara, California-based company said it had profit of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, were 40 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The provider of online textbook rental services posted revenue of $205.2 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $201.6 million.
