(Reuters) – Chegg rallied 25% in extended trading on Monday after better-than-expected quarterly sales and an in-line forecast for the current quarter eased worries about the impact of ChatGPT on the educational services company’s business.
The company reported second-quarter sales of $182.9 million, compared with analysts’ average estimate of $176.51 million, according to Refinitiv data.
It expects revenue to be in the range of $151 million to $153 million for the third quarter, compared with analysts’ estimates of $152.37 million.
(Reporting by Pratik Jain in Bengaluru; Editing by Shinjini Ganguli)
