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Chegg reports Q2 EPS 10c, consensus 5c

Reports Q2 revenue $105.1M, consensus $103.1M. “We had a good Q2, exceeding our guidance and actively engaging on the strategic review process and the transformation of Chegg (CHGG). We remain focused on implementing AI to transform Chegg Study, making it a more efficient business to run, while still differentiating our product and adding value to millions of students,” said Nathan Schultz, Chief Executive Officer & President of Chegg, Inc. “In addition, we are evolving to be a skills focused organization, with Busuu and Skills, both representing a tremendous market opportunity and Chegg’s future growth engines.”

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