Investing.com - Chegg Inc reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Chegg Inc announced earnings per share of $0.21 on revenue of $164.7M. Analysts polled by Investing.com EPS of $0.13 on revenue of $158.29M.
Chegg Inc 's are down 58% and is trading at $25.00 , still down 66.56% from its 52 week high of $63.12 set on Monday, November 1, 2021.
Chegg Inc shares gained 18.43% to trade at $25.00 in after-hours trade the report.
Chegg Inc follows other major Consumer Discretionary sector earnings this month
Chegg Inc's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $0.28 on revenue of $127.1B, EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, for EPS of $1.03 on revenue of $22.5B.
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