RTTNews | Oct 27, 2020 10:29AM EDT

10:28 Tuesday, October 27, 2020 (RTTNews.com) - Chegg, Inc. (CHGG) shares are sliding on Tuesday morning trade as the company reported a wider net loss for the third quarter.

Currently, the shares are at $76.05, up 12.27 percent from its previous close of $86.69. For the 52-week period, the shares have traded in a range of $78.55 to $82.24 on average volume of 2,800,346.

The company posted third-quarter net loss of $37.14 million, compared to net loss of $11.48 million a year ago. On a per-share basis, the net loss was $0.29, wider than net loss of $0.10 a year ago. Wall Street analysts were expecting earnings of $0.1. Revenue for the quarter increased to $154.02 million from $94.15 million in the previous year.

Read the original article on RTTNews ( https://www.rttnews.com/3139636/stock-alert-chegg-down-on-wider-q3-net-loss.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved