Chegg (CHGG) Tops Q1 EPS by 3c; Raises Outlook
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Chegg Reports Q1 2019 Financial Results and Raises Full Year 2019 Guidance
April 29, 2019 4:05 PM EDTSANTA CLARA, Calif., April 29, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student, today reported financial results for the three months ended March 31, 2019.
"Chegg is off to a strong start to the year. In Q1, we achieved 27% total revenue growth driven by 34% revenue growth for Chegg Services, and we exceeded our profit expectations given the increased leverage we see in the model at scale," said Dan Rosensweig, CEO of Chegg, Inc. "This gives us the confidence to raise 2019 guidance as we focus on our mission of helping students improve their... More
