Chegg (CHGG) released its first earnings since IPO on 13 February 2014

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform released its earnings results for the fourth quarter and fiscal year ended December 31, 2013, on Thursday, February 13, 2014, after the market close.

CHGG fell more than 22% after the connected education platform specialist turned in better-than-expected fourth-quarter results, but followed with disappointing forward margin guidance. Just $76.9 million in cash remaining on its balance sheet at year end.

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