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Benzinga

Business

Henry Khederian

RARE PHOTOS: Why chegg shares are falling | Rare Historical Photos

Chegg Chegg Inc NYSE

Chegg Inc (NYSE:CHGG) shares are trading lower by 39.55% to $15.10 during Tuesday's pre-market session after the company reported first-quarter earnings results and issued second-quarter and FY22 sales guidance below analyst estimates.

Chegg reported quarterly earnings of 32 cents per share which beat the analyst consensus estimate of 24 cents. The company also reported quarterly sales of $202.20 million which beat the analyst consensus estimate of $201.28 million.

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