Chegg Sees Q3 2024 Revenue $133M-$135M Vs $159.9M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chegg has revised its Q3 2024 revenue forecast to $133M-$135M, significantly below the previous estimate of $159.9M.
August 05, 2024 | 8:32 pm
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Chegg has revised its Q3 2024 revenue forecast to $133M-$135M, significantly below the previous estimate of $159.9M. This downward revision indicates potential challenges in the company's business performance.
The significant downward revision in revenue forecast suggests that Chegg is facing challenges that could negatively impact its financial performance. Investors are likely to react negatively to this news, leading to a potential decline in the stock price.
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