Chegg shares are trading lower after the company issued weak Q1 guidance.
Portfolio Pulse from Benzinga Newsdesk
Chegg's stock price declined following the announcement of a Q4 revenue shortfall and disappointing Q1 guidance.
February 05, 2024 | 9:09 pm
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Chegg's shares fell due to a Q4 revenue miss and poor Q1 guidance.
Investors typically react negatively to revenue misses and weak future guidance, as these are indicators of potential challenges in a company's performance and growth prospects. Chegg's announcement of a Q4 revenue miss and weaker than expected Q1 guidance directly impacts investor sentiment and the perceived value of the company, leading to a decrease in stock price.
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