Chegg (NYSE:CHGG) Issues Quarterly Earnings Results
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Chegg (NYSE:CHGG) reported quarterly earnings of ($0.01) per share, exceeding analysts' expectations of ($0.19). The company generated revenue of $72.66 million, surpassing the estimated $71.00 million. Despite these results, Chegg has a negative return on equity of 9.41% and a negative net margin of 17.14%. The stock traded down to $0.76, with a consensus rating of "Strong Sell" from analysts. Institutional investors hold 95.18% of the stock, indicating significant interest despite the company's challenges in the market.
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