{"id":98094,"date":"2020-10-26T23:28:00","date_gmt":"2020-10-26T20:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chegg-k12-earnings-show-growth-in-online-education-spending\/"},"modified":"2020-10-26T23:28:00","modified_gmt":"2020-10-26T20:28:00","slug":"chegg-k12-earnings-show-growth-in-online-education-spending","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chegg-k12-earnings-show-growth-in-online-education-spending\/","title":{"rendered":"#\n  Chegg, K12 earnings show growth in online-education spending"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ee68a2d09\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ee68a2d09\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/chegg-k12-earnings-show-growth-in-online-education-spending\/#Chegg_shares_fall_after_hours_while_K12_surges\" >Chegg shares fall after hours, while K12 surges<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/chegg-k12-earnings-show-growth-in-online-education-spending\/#Chegg_Incs_results_and_outlook_topped_Wall_Street_estimates_Monday\" >Chegg Inc.&#8217;s  results and outlook topped Wall Street estimates Monday.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/chegg-k12-earnings-show-growth-in-online-education-spending\/#Wallace_Witkowski\" >Wallace Witkowski<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Chegg, K12 earnings show growth in online-education spending<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Chegg_shares_fall_after_hours_while_K12_surges\"><\/span>\n  Chegg shares fall after hours, while K12 surges<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000046099\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:55.703125%;\" data-mobile-ratio=\"55.703125%\" data-layout-ratio=\"55.703125%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-250014?width=140&amp;size=1.7952314165497896 140w,\nhttps:\/\/images.mktw.net\/im-250014?width=540&amp;size=1.7952314165497896 540w,\nhttps:\/\/images.mktw.net\/im-250014?width=620&amp;size=1.7952314165497896 620w,\nhttps:\/\/images.mktw.net\/im-250014?width=700&amp;size=1.7952314165497896 700w,\nhttps:\/\/images.mktw.net\/im-250014?width=860&amp;size=1.7952314165497896 860w,\nhttps:\/\/images.mktw.net\/im-250014?width=1260&amp;size=1.7952314165497896 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-250014?width=620&amp;size=1.7952314165497896\" data-enlarge=\"https:\/\/images.mktw.net\/im-250014?width=1260&amp;size=1.7952314165497896\" alt=\"\" title=\" Chegg Inc.'s  results and outlook topped Wall Street estimates Monday.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Chegg_Incs_results_and_outlook_topped_Wall_Street_estimates_Monday\"><\/span> Chegg Inc.&#8217;s  results and outlook topped Wall Street estimates Monday.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Chegg Inc.<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Quarterly earnings from online-education companies Chegg Inc. and K12 Inc.  topped Wall Street expectations Monday, showing growth as distance-learning initiatives have endured in many places for more than half a year, but their after-hours share performance diverged.<\/p>\n<p> Chegg<br \/>\n        CHGG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205655041\/composite\" class=\"negative\">-0.08%<\/bg-quote><br \/>\n       shares declined in the extended session Monday after the digital textbook and scholastic services company\u2019s results and outlook topped Wall Street estimates following a year when its share price has more than doubled.  <\/p>\n<div class=\"paywall\">\n       On the other hand, shares of K12<br \/>\n        LRN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205813628\/composite\" class=\"negative\">-1.63%<\/bg-quote><br \/>\n       rose in the extended session on better-than-expected results; for the year, shares have risen 39%.<\/p>\n<p>Chegg shares declined 2% after hours, following an initial 10% drop after the earnings report hit, and a 0.1% decline in the regular session to close at $86.69. As of Monday\u2019s close, Chegg shares are up 129% for the year, compared with a 5.3% rise by the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-1.85%<\/bg-quote><span>.<\/span>\n       <\/p>\n<p>The company reported a third-quarter loss of $37.1 million, or 29 cents a share, compared with a loss of $11.5 million, or 10 cents a share, in the year-ago period. Adjusted earnings were 17 cents a share. <\/p>\n<p>Revenue rose to $154 million from $94.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 10 cents a share on revenue of $143.9 million. <\/p>\n<p>Chegg expects fourth-quarter revenue of $188 million to $190 million, while analysts had forecast revenue of $183.4 million. For 2021, the company expects revenue of about $775 million, while analysts had forecast $758.5 million.<\/p>\n<p>K12 shares rose 11% after hours, following a 1.6% decline to close the regular session at $28.23, as the online education company reported a surprise profit. <\/p>\n<p>For the fiscal first quarter, K12 reported net income of $12.7 million, or 30 cents a share, versus a loss of $9.7 million, or 25 cents a share, in the year-ago quarter. Revenue rose to $371 million from $257.1 million in the year-ago period.  <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Analysts surveyed by FactSet had forecast a loss of 32 cents a share on revenue of $362.6 million.  <\/p>\n<p>K12 forecast fiscal 2021 revenue of $1.45 billion to $1.47 billion, while analyst expect $1.42 billion.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Wallace Witkowski\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Wallace_Witkowski\"><\/span>Wallace Witkowski<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=21004575-02D4-D4B5-4572-DB4133B59B81&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Chegg, K12 earnings show growth in online-education spending &#8221; Chegg shares fall after hours, while K12 surges Chegg Inc.&#8217;s results and outlook topped Wall Street estimates Monday. Chegg Inc. Quarterly earnings from online-education companies Chegg Inc. and K12 Inc. topped Wall Street expectations Monday, showing growth as distance-learning initiatives have endured in many places&#8230;<\/p>\n","protected":false},"author":1,"featured_media":98095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-98094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=98094"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/98094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/98095"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=98094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=98094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=98094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}