US1630921096 - Common Stock
CHEGG INC
NYSE:CHGG (11/21/2024, 8:19:26 PM)
After market: 1.74 -0.06 (-3.33%)1.8
+0.07 (+4.05%)
Chegg, Inc. engages in providing support and a learning platform for students. The company is headquartered in Santa Clara, California and currently employs 1,903 full-time employees. The company went IPO on 2013-11-13. The firm is combining generative artificial intelligence (AI) and human capabilities to provide a personalized learning assistant to be included in its Chegg Study offering. Its service and product offerings fall into two categories: Subscription Services, which encompasses its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which encompasses its Chegg Skills, advertising services, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI, computational engines and subject matter experts. Chegg Study Pack is a premium subscription bundle that includes all of the benefits of Chegg Study, as well as Chegg Writing and Chegg Math. Chegg Skills offers programs on technical skills, including AI and data analytics.
CHEGG INC
3990 Freedom Cir
Santa Clara CALIFORNIA 95054
P: 14088555700
CEO: Dan Rosensweig
Employees: 1903
Website: https://www.chegg.com/
Shares of online study and academic help platform Chegg (NYSE:CHGG) fell 21.1% in the morning session after the company reported disappointing third-quarter results. Its number of users declined, and this figure fell short of Wall Street's estimates. Looking ahead, revenue and EBITDA guidance for the next quarter also missed. Overall, this quarter was mediocre, and with the market thinking that Chegg's business will be decimated by AI, the company needs much better quarters to convince investors otherwise and get the stock up.
Get insights into the top gainers and losers of Tuesday's after-hours session.
Online study and academic help platform Chegg (NYSE:CHGG) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 13.5% year on year to $136.6 million. On the other hand, next quarter’s revenue guidance of $142 million was less impressive, coming in 11.8% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was also 27.2% above analysts’ consensus estimates.
Online study and academic help platform Chegg (NYSE:CHGG) will be reporting earnings tomorrow after market hours. Here’s what investors should know.
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