Chegg reports Q3 EPS (16c), consensus (8c)

Reports Q3 revenue $77.7M, consensus $76.2M. “This quarter marks an inflection point for Chegg (CHGG) with our recent decisive action to streamline our structure, strengthen our balance sheet, and focus Chegg on the large and growing skilling market,” said Dan Rosensweig, CEO and Executive Chairman of Chegg. “AI has created tailwinds for our Chegg Skilling business, and with clarity of purpose, a lower cost structure, and the right assets in place, Chegg is positioned to drive meaningful long-term value for our shareholders.”