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    Chegg (CHEGG) Sells Off After Earnings & ChatGPT Concerns

    Chegg (CHEGG) Sells Off After Earnings & ChatGPT Concerns

    FromSchwab Network

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    Chegg (CHEGG) Sells Off After Earnings & ChatGPT Concerns

    FromSchwab Network

    ratings:
    Length:
    8 minutes
    Released:
    May 3, 2023
    Format:
    Podcast episode

    Description

    Chegg (CHGG) sells off after earnings and CEO's warning about ChatGPT. Caroline Woods discusses this as CHGG's adjusted EPS came in at $0.27 versus an estimated $0.34 and its revenue came in at $187.60M versus an estimated $185.25N. She talks about how the CEO said that he believes student interest in ChatGPT is having an impact on new customer growth rate. Caroline then goes over Arista Networks (ANET) whose earnings were released yesterday, May 1st. Adjusted EPS came in at $1.43 versus an estimated $1.35 and revenue came in at $1.35B versus an estimated $1.31B. Tune in to find out more about the stock market today.
    Released:
    May 3, 2023
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.