1. $Chegg(CHGG)$ tumbled 15.11% despite of beating estimates, citing threats from AIEdutech stock CHGG tumbled 15% Tuesday despite beating expectations.EPS: 18 cents vs. 17 centsRevenue: $158 mln vs. $152 mlnDespite earnings beats, key data like revenue, margin, EBITDA and sub numbers all decline.CEO Dan Rosenzweig addressed the threat from AI, stating that students are using ChatGPT for various purposes.However, another edutech company $Coursera, Inc.(COUR)$ saw significant increase in paying users and offer optimistic guidance.2. $VF Corp(VFC)$ plunged 13.96% after it withdrew the guidance; Vans will struggle in USQ2 results were in line
2023 Q1 Earning Season
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