After-hours movers: Chegg plunges on guidance, NXP gains on results
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Nio (NIO) collaborates with NXP (NXPI) to leverage 4D imaging radar
May 2, 2023 1:40 PM EDTPremium electric vehicle maker Nio Inc. (NYSE: NIO) announced alongside NXP Semiconductors N.V. (NASDAQ: NXPI) on Tuesday that the Chinese automaker will leverage NXPs leading automotive radar technology, including its ground-breaking imaging radar solution.
With NXPs lates 4D imaging radar, cars will be able to detect and classify objects such as other vehicles and... More
Northland Downgrades Chegg (CHGG) to Market Perform, 'ChatGPT Competition and CheggMate Response Will Take Time'
May 2, 2023 9:06 AM EDTNorthland Capital Markets analyst Mike Grondahl downgraded Chegg (NYSE: CHGG) from Outperform to Market Perform with a price target of $15.00.
The analyst comments "CHGG reported 1Q23 revenues, adj. EBITDA and adj. EPS of $187.6M, $57.6M and $0.27 vs. NS at $185.0M, $54.0M and $0.24. Subscription Services... More
