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Chegg Inc (CHGG.N)

CHGG.N on New York Stock Exchange

15.25USD
26 Jul 2017
Change (% chg)

$1.00 (+7.02%)
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$14.25
Open
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Volume
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$15.37
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Latest Key Developments (Source: Significant Developments)

Chegg reports qtrly ‍net loss per share $0.06​
Tuesday, 25 Jul 2017 04:05pm EDT 

July 25 (Reuters) - Chegg Inc ::Chegg reports Q2 2017 financial results and raises full year guidance.Sees FY 2017 capital expenditures in range of $20 million to $25 million.Q2 revenue $56.3 million versus I/B/E/S view $53.3 million.Sees Q3 2017 revenue $56 million to $58 million.Sees FY 2017 revenue $241 million to $243 million.Sees ‍Q3 Chegg Services revenues in range of $37 million to $39 million​.Sees 2017 ‍chegg Services revenues in range of $180 million to $182 million​.Qtrly ‍net loss per share $0.06​.Sees ‍Q3 2017 adjusted EBITDA in range of $3 million to $4 million​.Sees ‍full year 2017 free cash flow in range of $18 million to $22 million​.Sees ‍full year 2017 adjusted EBITDA in range of $41 million to $42 million​.Q3 revenue view $56.8 million -- Thomson Reuters I/B/E/S.FY2017 revenue view $238.9 million -- Thomson Reuters I/B/E/S.Qtrly non-gaap earnings per share $0.06.Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.  Full Article

Time Inc appoints John Fahey as non-executive chairman
Wednesday, 10 May 2017 06:00am EDT 

May 10 (Reuters) - Time Inc :John Fahey appointed non-executive chairman of Time Inc; Dan Rosensweig nominated to board of directors.Time-Dan Rosensweig, president & CEO of online learning platform Chegg & Former chief operating officer at Yahoo, nominated to board.Time Inc - executive chairman Joseph Ripp and director Sir Howard Stringer will be retiring from board.  Full Article

Chegg qtrly loss per share $0.07
Monday, 1 May 2017 04:05pm EDT 

May 1 (Reuters) - Chegg Inc ::Chegg reports strong Q1 2017 financial results and raises full year guidance.Q1 revenue $62.6 million versus I/B/E/S view $58.5 million.Sees Q2 2017 revenue $52 million to $54 million.Sees fy 2017 revenue $235 million to $240 million.Chegg Inc qtrly loss per share $0.07.Chegg inc sees q2 2017 total net revenues in range of $52 million to $54 million.Chegg inc sees q2 2017 gross margin between 68% to 70%.Chegg inc sees q2 2017 adjusted ebitda in range of $7 million to $9 million.Chegg inc sees full year 2017 total net revenues in range of $235 million to $240 million.Chegg inc sees full year 2017 adjusted ebitda in range of $38 million to $40 million.Chegg inc sees full year 2017 capital expenditures in range of $20 million to $25 million.Q2 revenue view $50.2 million -- Thomson Reuters I/B/E/S.Fy2017 revenue view $231.0 million -- Thomson Reuters I/B/E/S.  Full Article

Chegg reports Q4 rev $254.1 mln
Monday, 13 Feb 2017 04:05pm EST 

Chegg Inc : Chegg reports Q4 and full year 2016 financial results . Q4 revenue fell 16 percent to $254.1 million . Q4 revenue view $58.8 million -- Thomson Reuters I/B/E/S . Sees Q1 2017 revenue $57 million to $59 million . Sees FY 2017 revenue about $230 million . Q1 earnings per share view $0.02, revenue view $57.7 million -- Thomson Reuters I/B/E/S . Chegg services revenues grew 54pct year-over-year to $44.3 million, or 70pct of total net revenues compared to 42 pct in Q4 2015 . Says Q4 required materials revenues of $18.8 million compared to $39.5 million in Q4 2015 . Sees Q1 Chegg services revenues in range of $38 million to $40 million . Sees Q1 gross margin between 62 pct to 64 pct .Sees 2017 total net revenues of $230 million.  Full Article

Chegg reports Q2 2016 results
Monday, 1 Aug 2016 04:04pm EDT 

Chegg Inc : Q2 revenue $53 million versus I/B/E/S view $51.2 million . Chegg reports second quarter 2016 results . Qtrly loss per share $0.10 . Sees Q3 Non-GAAP total net revenues in range of $48 million and $52 million .Sees adjusted EBITDA to range between loss of $2 million and breakeven in Q3.  Full Article

Chegg acquires Imagine Easy Solutions
Monday, 2 May 2016 04:02pm EDT 

Chegg Inc:Chegg acquires Imagine Easy Solutions, a market leader of online writing tools.Chegg has acquired imagine easy for approximately $42 million in an all-cash transaction.Transaction is anticipated to be accretive to Chegg's fiscal 2016 revenues and earnings.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Of $42 million, approximately $25 million paid at closing and $17 million of which is to be paid by April 2017.There are potential additional payments of up to $18 million over next three years that remain subject to contingencies.Contingent payments may be settled either in cash or common stock, at discretion of Chegg.  Full Article

Chegg Inc gives Q1, FY 2016 outlook
Monday, 22 Feb 2016 04:05pm EST 

Chegg Inc:Sees Q1 2016 Total GAAP Revenue in the range of $60 million and $65 million.Sees Q1 2016 Total Pro Forma Revenue in the range of $44 million and $47 million.Sees Q1 2016 Chegg Services Revenue in the range of $24 million and $26 million.Sees Q1 2016 Total Gross Margin on a GAAP basis between 38%; and 40%.Sees Q1 2016 Adjusted EBITDA loss of $2 million to approximately breakeven.Sees Fy 2016 Total GAAP Revenue in the range of $230 million and $250 million.Sees Fy 2016 Total Pro Forma Revenue in the range of $170 million and $185 million.Sees Fy 2016 Chegg Services Revenue in the range of $115 million and $125 million.Sees Fy 2016 Total Gross Margin on a GAAP basis between 48% and 50%.Sees Fy 2016 Total Gross Margin on a Pro Forma basis between 64% and 66%.Sees Fy 2016 Adjusted EBITDA in the range of $10 million and $20 million.  Full Article

Chegg Inc gives Q4 2015 outlook; reaffirms FY 2015 outlook
Monday, 2 Nov 2015 04:05pm EST 

Chegg Inc:Sees Q4 2015 Total Revenue in the range of $68 million and $74 million.Sees Q4 2015 Adjusted EBITDA profit of between $10 million and $15 million.Sees FY 2015 Total Revenue in the range of $295 million and $310 million.Sees FY 2015 Adjusted EBITDA of breakeven to $5 million.  Full Article

BRIEF-Chegg reports qtrly ‍net loss per share $0.06​

* Chegg reports Q2 2017 financial results and raises full year guidance