SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Chegg Inc. (CHGG) on Tuesday reported a loss of $212.6 million in its third quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of $2.05. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The an online learning platform posted revenue of $136.6 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $133.8 million.
For the current quarter ending in December, Chegg said it expects revenue in the range of $141 million to $143 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHGG at https://www.zacks.com/ap/CHGG
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