Chegg News: Why Is CHGG Stock Plunging Today?
CHGGChegg(CHGG) Investor Place·2024-08-07 00:33

Chegg (NYSE:CHGG) stock is falling hard on Tuesday after the direct-to-student learning platform company released its latest earnings report.In the second quarter of 2024, Chegg released an updated guidance for the third quarter of the year. This has it expecting revenue for the quarter to range from 133millionto133 million to 135 million. Investors aren’t happy about that when comparing it to Wall Street’s estimate of $143.05 million.Here’s what Chegg Chief Financial Officer David Longo said about this guidance.“Whi ...