Chegg Q2 2024 Adj EPS $0.28 Beats $0.22 Estimate, Sales $163.10M Beat $159.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chegg (NYSE:CHGG) reported Q2 2024 adjusted EPS of $0.28, beating the estimate of $0.22 by 27.27%. Sales were $163.10M, surpassing the $159.98M estimate but down 10.80% from $182.85M last year.
August 05, 2024 | 8:13 pm
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Chegg reported Q2 2024 adjusted EPS of $0.28, beating the estimate of $0.22 by 27.27%. Sales were $163.10M, surpassing the $159.98M estimate but down 10.80% from $182.85M last year.
Chegg's better-than-expected EPS and sales figures are positive indicators, likely to boost investor confidence in the short term. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100