BUZZ-Chegg climbs after strong Q3 results
Shares of U.S. education technology firm Cheggjump 8.9% at 97 cents after upbeat Q3 resultsChegg posts Q3 rev of $77.7 mln, beating analyst est. of $76.2 mln, as per LSEG-compiled dataCo pivots to B2B skilling market, expects FY skilling revenue of $70 mln amid AI-driven demandHowever, co forecats Q4 revenue at $70–$72 mln, below analysts’ est. of $82.05 mlnIncluding session’s moves, stock down 40.6% YTD
Shares of U.S. education technology firm Chegg (CHGG.N) jump 8.9% at 97 cents after upbeat Q3 results
Chegg posts Q3 rev of $77.7 mln, beating analyst est. of $76.2 mln, as per LSEG-compiled data
Co pivots to B2B skilling market, expects FY skilling revenue of $70 mln amid AI-driven demand
However, co forecats Q4 revenue at $70–$72 mln, below analysts’ est. of $82.05 mln
Including session’s moves, stock down 40.6% YTD
