Connect with us

Hi, what are you looking for?

Investing

ChargePoint’s stock slumps on escalating quarterly loss

ChargePoint Holdings Inc.’s CHPT stock plunged 11% in extended trading Wednesday after the company reported a deepening loss. ChargePoint reported a fiscal second-quarter net loss of $125.3 million, or 35 cents a share, compared with a net loss of $92.7 million, or 28 cents a share, in the year-ago quarter. Adjusted earnings were a loss of 24 cents a share. Revenue did climb 39% to $150.5 million from $108.3 million a year ago. Analysts surveyed by FactSet had expected on average a net loss of 13 cents a share on revenue of $153.2 million. Shares of ChargePoint have slumped 26% this year, while the broader S&P 500 index…

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

You will find a colossal development of the brand new discount, trading, research, as well as thousands of breakthroughs and you will inventions, and...

Uncategorized

Content Igt: Leader Del Settore Per Le Slot Machine Play Free Igt Cats Online Slot An Iconic Pokies Machine Le Slot Machine Online Sono...

Uncategorized

Blogs Instant commission casinos and you will bonuses Responsible Gambling You can even ban yourself away from several internet sites immediately by playing with...

Uncategorized

Posts Liberated to Enjoy Betsoft Harbors Slots The fresh Slotfather Publication from Gains Better No-deposit Bonus Casinos inside 2024 Because of the engaging in...