Chegg (CHGG) Tops Q1 EPS by 1c
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Chegg Reports Q1 2018 Financial Results and Raises Full Year 2018 Guidance
April 26, 2018 4:05 PM EDTSANTA CLARA, Calif., April 26, 2018 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), the Smarter Way to Student, today reported financial results for the three months ended March 31, 2018.
"Momentum continued into Q1 as we achieved 37% year-over-year Chegg Services revenue growth, driven by 44% subscriber growth," said Dan Rosensweig, Chairman and CEO of Chegg, Inc. "We expect this momentum to continue, as students are increasingly relying on Chegg to help them with their educational needs. This gives us confidence to raise our guidance for 2018."
Q1 2018 Highlights:
Total Net Revenues of $76.9 million, an... More