Blink Charging Q2 Adj EPS $(0.44) Beats $(0.49) Estimate, Sales $32.84M Beat $23.76M Estimate
Portfolio Pulse from saritha@benzinga.com
Blink Charging (NASDAQ:BLNK) reported Q2 adjusted EPS of $(0.44), beating the estimate of $(0.49) by 10.2%. The company's quarterly sales were $32.84M, surpassing the estimate of $23.76M by 38.22%. However, this represents a 7.32% decrease in losses from the same period last year.
August 08, 2023 | 8:20 pm
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NEUTRAL IMPACT
Blink Charging's Q2 results exceeded estimates, but the company's losses increased compared to last year.
While Blink Charging's Q2 results beat estimates, the increase in losses compared to the same period last year could potentially offset the positive impact of the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100