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-0.00109124485855776 0.00310585075128014 -0.00109124485855776 0.0156971375807942 0.0156971375807942 0.0156971375807942 0.0156971375807942 0.0156971375807942
Stock impact report

Why Is Chegg (CHGG) Stock Soaring Today [Yahoo! Finance]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: Yahoo! Finance
the company reported third-quarter results that showed better-than-expected profitability and a strategic shift toward its growing skilling business, overshadowing a steep drop in overall revenue. Total revenue fell by 42% year-over-year to $78 million, but the company surpassed its adjusted EBITDA guidance by $5 million due to cost-cutting efforts. Chegg announced it was restructuring into two units, with a focus on its "Chegg Skilling" division as the new growth engine. This segment, which includes professional courses, was on track for 14% year-over-year growth with a projected full-year revenue of $70 million. The company also announced the return of Dan Rosensweig as CEO to lead this strategic pivot. Investors appeared to focus on the company's improved operational management and the growth potential in the skilling market rather than the decline in its traditional academic services. Is now the time to buy Chegg? Access our full analysis report here What Is The Market Telling Show less Read more
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