Chegg reports Q1 adjusted EPS 27c, consensus 26c

Reports Q1 revenue $187.6M, consensus $185.18M. "As artificial intelligence technology continues to evolve at a rapid pace, we are embracing it aggressively and prioritizing our investments to meet this opportunity," said Dan Rosensweig, CEO & President of Chegg, Inc. "We believe we are in the best position to take advantage of the advancements in AI for the benefit of students, because we can leverage our proprietary data, our 150,000+ experts, and our decade-plus years of experience as we launch CheggMate."