Chegg Q2 EPS $0.28, Inline, Sales $182.90M Beat $176.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chegg (NYSE:CHGG) reported Q2 earnings of $0.28 per share, meeting analyst consensus. This is a 24.32% decrease from last year's earnings. Quarterly sales were $182.90M, beating the analyst consensus of $176.19M by 3.81%, but a 6.07% decrease from last year.
August 07, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Chegg's Q2 earnings met expectations but showed a YoY decrease. Sales beat estimates but were also down YoY.
Chegg's earnings met analyst expectations, which is generally positive. However, the YoY decrease in both earnings and sales could be a concern for investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100