Singapore markets closed
  • Straits Times Index

    3,227.10
    -35.97 (-1.10%)
     
  • Nikkei

    27,153.83
    -159.30 (-0.58%)
     
  • Hang Seng

    17,933.27
    -214.68 (-1.18%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • BTC-USD

    18,922.14
    -178.27 (-0.93%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • Dow

    29,590.41
    -486.27 (-1.62%)
     
  • Nasdaq

    10,867.93
    -198.88 (-1.80%)
     
  • Gold

    1,651.70
    -29.40 (-1.75%)
     
  • Crude Oil

    79.43
    -4.06 (-4.86%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • FTSE Bursa Malaysia

    1,424.98
    -14.18 (-0.99%)
     
  • Jakarta Composite Index

    7,178.58
    -40.32 (-0.56%)
     
  • PSE Index

    6,259.54
    -42.17 (-0.67%)
     

Why Chegg Stock Chugged 9% Higher on Friday

·2-min read

Although we're in the thick of the summer, school was definitely in session for online education company Chegg (NYSE: CHGG) on the last trading day of the week. According to the figures published after market hours by Chegg on Thursday, the company's total net revenue for its second quarter was just under $195 million, representing a slight (2%) year-over-year decline. Non-GAAP (adjusted) net income saw a steeper fall, lowering to nearly $55 million ($0.37 per share) from the year-ago result of almost $72 million.