Chegg Inc is an educational technology company that offers a range of services designed to support students throughout their academic journey
The company provides textbook rentals, online tutoring, study help, and a variety of other resources that cater to the needs of learners. Chegg aims to enhance the educational experience by making learning more accessible and affordable, leveraging technology to connect students with the information and assistance they require to succeed in their studies. Through its comprehensive platform, Chegg focuses on easing academic challenges and empowering students to achieve their educational goals.
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Shares of online study and academic help platform Chegg (NYSECHGG) fell 32.1% in the morning session after the company reported weak fourth-quarter 2024 results, as both its number of users and services subscribers fell short of Wall Street's estimates, which is never a good look. Revenue plunged 24%, with subscription sales down 23%, highlighting the struggle to keep and attract customers.
Chegg shares are moving lower on Tuesday after the company reported earnings for the 2024 fiscal-year fourth-quarter and issued guidance below estimates.
Chegg posted a challenging Q4 2024, marked by revenue decline and subscriber drop, yet surpassed expectations slightly due to its focus on AI and technology integration.
Markets fell broadly Tuesday with the S&P 500 trading at five-week lows and the Nasdaq extending its three-day losing streak. The Dow Jones managed to recover midday while Wall Street digested a weaker-than-anticipated consumer confidence survey from the Conference Board, adding to concerns over the health of the U.S.
Online study and academic help platform Chegg (NYSECHGG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 23.7% year on year to $143.5 million. On the other hand, next quarter’s revenue guidance of $115 million was less impressive, coming in 16.4% below analysts’ estimates. Its non-GAAP profit of $0.17 per share was in line with analysts’ consensus estimates.
As the regular session of the US market concludes on Monday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
Chegg has sued Google, alleging that its AI-generated search overviews unfairly use publishers' content, reduce web traffic, and threaten the future of online publishing, marking a significant legal challenge to AI's impact on digital media.
Chegg shares are dropping after the company reported its fourth-quarter results after Monday's closing bell. Here's a look at the details from the report.
The major indices struggled to maintain early momentum on Monday, but appear to climbing back with the S&P 500 and Dow Jones both green in midday trading.
Chegg’s stock price has taken a beating over the past six months, shedding 27.8% of its value and falling to $1.43 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
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