UPDATE: Morgan Stanley Downgrades Chegg (CHGG) to Equalweight
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Chegg Reports Third Quarter 2021 Financial Results
November 1, 2021 4:05 PM EDTIncreases Securities Repurchase Program By $500 Million
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Chegg, Inc. (NYSE: CHGG) today reported financial results for the three months ended September 30, 2021.
Over the last year and a half, we experienced extraordinary growth and, in midst of a strong year, had a solid third quarter, growing Chegg Services revenue 23% year-over-year. However, in late September it became clear to us that the education industry is experiencing a slowdown that we believe is temporary and is a direct result of the COVID-19 pandemic, said Dan Rosensweig, CEO &... More
