Chegg's AI Education Tool Receives Positive Feedback, Shares Rally

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.

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.

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