Earnings Reaction Rollercoaster: Chegg Rises, Alteryx Dips
- August 07th, 2023
- 387 views
Chegg, Inc. (NYSE: CHGG) announced second-quarter 2023 earnings per share (EPS) of $0.28 and revenues amounting to $182.85 million, surpassing the consensus EPS estimate of $0.29 on revenues of $176.51 million.
$CHGG was trading at $12.45 in after-hours, up $2.42 (+24.13%).
In other news, Alteryx, Inc. (NYSE: AYX) reported an adjusted loss of $0.37 per share and revenues of $188.00 million for Q2 2023, outperforming the consensus projected loss of $0.67 per share on revenues of $182.00 million.
However, the company's Q3 2023 outlook of an adjusted loss ranging from $0.08 to $0.04 per share contrasts with analysts' EPS forecast of $0.09 for the same period.
In after-hours, $AYX was trading at $28.88, reflecting a decrease of $8.74 (-23.23%).
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