{"id":10123,"date":"2023-08-08T11:38:47","date_gmt":"2023-08-08T11:38:47","guid":{"rendered":"https:\/\/isafespend.com\/investing\/chegg-says-its-ai-education-tool-has-attracted-very-positive-feedback-and-shares-rally\/"},"modified":"2023-08-08T11:38:48","modified_gmt":"2023-08-08T11:38:48","slug":"chegg-says-its-ai-education-tool-has-attracted-very-positive-feedback-and-shares-rally","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10123","title":{"rendered":"Chegg says its AI education tool has attracted \u2018very positive\u2019 feedback, and shares rally"},"content":{"rendered":"
\n

Education technology company Chegg Inc. on Monday reported second-quarter sales that topped expectations, with trends in attracting and keeping customers improving as the quarter progressed, and the company talked up the potential to deliver better AI learning-assistance tools where ChatGPT comes up short. Shares jumped 23.8% after the bell on Monday. The company reported net income of $24.6 million, but a diluted loss per share of 11 cents. That compared to net income of $7.5 million, or 6 cents a share, in the same quarter last year. Revenue fell to $182.9 million from $194.7 million in the prior-year quarter. Adjusted earnings per share came in at 28 cents. Analysts polled by FactSet expected Chegg to report adjusted earnings per share of 29 cents, on revenue of $176.5 million. Executives said they expected third-quarter sales of between $151 million and $153 million, compared with FactSet forecasts for $152 million. Management said that feedback to the beta version of its new AI tools, launched in May, was \u201cvery positive.\u201d They also noted a survey that found that younger students were \u201cnot comfortable with the exact information ChatGPT puts out.\u201d<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Education technology company Chegg Inc. on Monday reported second-quarter sales that topped expectations, with trends in attracting and keeping customers improving as the quarter progressed, and the company talked up the potential to deliver better AI learning-assistance tools where ChatGPT comes up short. Shares jumped 23.8% after the bell on Monday. The company reported net<\/p>\n","protected":false},"author":1,"featured_media":9288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-10123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nChegg says its AI education tool has attracted \u2018very positive\u2019 feedback, and shares rally | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Education technology company Chegg Inc. on Monday reported second-quarter sales that topped expectations, with trends in attracting and keeping customers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=10123\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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