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Chegg's Q4 sales from education materials surge during pandemic, company raises 2021 forecast


Said CEO Dan Rosensweig, We are incredibly grateful that, even in the midst of the many challenges of the past year, we outperformed all expectations and were able to continue to support students, in record numbers, around the world.
Added Rosensweig, The transition to online and hybrid learning is inevitable and, with the accelerated trends that we are seeing, we have the confidence to raise our guidance for 2021.
Revenue in the three months ended in December rose 64%, year over year, to $205.7 million, yielding EPS of 55 cents, excluding some costs.
Analysts had been modeling $154 million in revenue and 41 cents EPS. The sales figure is also higher than the company s outlook offered back in October for $188 million to $190 million. ....

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