Stocks bounced back for the second consecutive day as both gold and crude oil moved higher, while the dollar weakened. The S&P 500 Index gained 1.4%, the Dow Jones Industrial Average surged 1.7% and the Nasdaq Composite gained 1.6% by day’s end.
Here’s how they did:
Chegg Inc (CHGG)
Chegg reported on its fourth quarter late Monday.
The student-first connected learning platform announced net income of $3.7 million to close out its fiscal 2017, topping the year-ago loss. On a per-share basis, the company earned three cents per share.
On an adjusted basis, Chegg earned 15 cents per share during the quarter. Analysts polled by Zacks Investment Research called for adjusted earnings of 13 cents per share.
The company’s revenue came in at $73.5 million during the period, which also came in ahead of Wall Street’s consensus estimate of $70.5 million, according to data compiled by Zacks.
For the current quarter, Chegg projects that its revenue will be in the range of $73 million to $75 million. Full-year revenue is slated to be in the range of $295 million to $300 million.
CHG stock was up 4.8% after the bell.
Dun & Bradstreet Corp (DNB)
Dun & Bradstreet also reported on its latest period yesterday.
The commercial data insights and analysis provider announced a fourth-quarter bottom line of $120 million, or $3.22 per share. A year ago, the company earned $110.8 million, or $2.99 per share.
Analysts were calling for earnings of $3.04 per share, according to Thomson Reuters. Revenue for the quarter rose 2.2% to $528.3 million from the year-ago total of $517.1 million.
Dun & Bradstreet also said that CEO and Chairman Robert Carrigan is leaving both of the positions with the company by mutual agreement with the board, with Thomas Manning being named as the Chairman and interim CEO for the company.
“As Dun & Bradstreet continues its work to drive sustainable growth, the Board believes now is the right time to transition the Company’s leadership,” says new lead director James Fernandez.
DNB stock was flat after the bell Monday.
RingCentral Inc (RNG)
RingCentral also reported on its latest period.
For its fourth quarter, the company posted a loss of $6.1 million, which came in at a total of a loss of eight cents per share. On an adjusted basis, RingCentral had a profit of seven cents per share.
The figure came in ahead of the Wall Street consensus estimate as analysts polled by Zacks called for earnings of six cents per share. For the year, the company’s loss fell to $26.1 million, or 34 cents per share.
Meanwhile, revenue came in at $140.5 million for the quarter, beating the projection of $137 million, according to data compiled by Zacks. For the year, revenue was $501.5 million.
For the current quarter, RingCentral predicts that it will earn between 11 cents and 13 cents per share, while revenue for the period is projected to be between $144.5 million and $146.5 million.
For the full year, the earnings outlook is calling for a profit in the range of 56 cents to 60 cents per share, while revenue will be between $629 million to $639 million.
RNG stock skyrocketed 8.7% after hours Monday.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.