Chegg shares are trading lower after the company reported Q3 financial results, issued Q4 guidance and said Q3 Subscription Services revenues were down 4% year over year.
Portfolio Pulse from Benzinga Newsdesk
Chegg reported Q3 financial results, issued Q4 guidance, and announced a 4% YoY decrease in Q3 Subscription Services revenues. This news led to a drop in the company's share price.
October 30, 2023 | 8:36 pm
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NEGATIVE IMPACT
Chegg's Q3 financial results and Q4 guidance, coupled with a 4% YoY decrease in Subscription Services revenues, have negatively impacted the company's stock price.
Chegg's Q3 financial results and Q4 guidance, along with a 4% YoY decrease in Subscription Services revenues, are significant factors for investors. These factors have led to a decrease in the company's stock price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100