SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Chegg Inc. (CHGG) on Monday reported a loss of $17.5 million in its first quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 17 cents. Losses, adjusted for one-time gains and costs, came to 6 cents per share.
The an online learning platform posted revenue of $121.4 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $114.5 million.
For the current quarter ending in June, Chegg said it expects revenue in the range of $100 million to $102 million.
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