Chegg reports strong q3 2019 financial results and raises full year 2019 guidance

Chegg reports strong q3 2019 financial results and raises full year 2019 guidance.sees q4 2019 revenue $122 million to $124 million.chegg announces a 5-year textbook agreement with fedex.qtrly total net revenues of $94.2 million, an increase of 27% year-over-year.sees q4 chegg services revenues in range of $107 million to $108 million.qtrly loss per share $0.10.qtrly adjusted earnings per share $0.18.chegg - in 2020, plan to spend about $50 million on textbook inventory, net of liquidations, & expect this number to decline in 2021 to $15 million.
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