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Chegg Inc. (CHGG) Has Broken Out To A New High On Q4 Earnings

Chegg Inc. (CHGG) reported fourth quarter non-GAAP EPS of $0.15 after the bell Monday, up from $0.10 a year ago. The consensus estimate was for EPS of $0.08.

Chegg gapped up at the open Tuesday and has spiked higher in early trade. The stock is now up 2.60 at $18.96 on above average volume. Chegg has broken out of a 2-month trading range and has set a new high for the year.

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