Chegg Inc. (CHGG) stock drops post Q4 report showing 50% YoY revenue decline. Losses at $72.66 million.
Shares of Chegg Inc. (NYSE:CHGG) fell in after-hours trading following the release of its fourth-quarter earnings report. The company reported a loss of one cent per share, surpassing expectations of a 10-cent loss. Quarterly revenue stood at $72.66 million, surpassing the Street's estimate of $71 million. This figure represented a decline from the $143.48 million reported in the same period. For more details, visit a financial news site.
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