Chegg (NYSE: CHGG) has recently reported its first-quarter earnings, surpassing analyst expectations. The company disclosed earnings per share (EPS) of $0.26, exceeding the estimated $0.25. Revenue for the quarter was reported at $174.4 million, slightly higher than the consensus estimate of $174.04 million.

Looking ahead, Chegg anticipates second-quarter 2024 revenue to fall within the range of $159-161 million, contrasting with the consensus of $173.6 million. The company also projects a gross margin between 70 and 71 percent, with adjusted EBITDA expected to range between $38 and $40 million.

Investors and analysts closely monitor Chegg’s financial performance, with the recent earnings report reflecting the company’s ability to outperform expectations. The positive results have sparked interest among traders and market watchers, indicating potential opportunities for those following the stock.

For more detailed information on Chegg’s earnings history and related data, interested parties can access additional insights by clicking here.