What's Going On With ChargePoint Stock?
Portfolio Pulse from Henry Khederian
ChargePoint Holdings Inc (NASDAQ:CHPT) shares are trading lower by 3.19% to $2.73, despite no company-specific news. The company reported worse-than-expected Q2 results last week, with a net loss of 24 cents per share, missing the analyst consensus estimate of a loss of 15 cents. Quarterly sales were $150.49 million, slightly below the analyst consensus estimate of $153.24 million by 1.79 percent.
September 15, 2023 | 2:54 pm
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ChargePoint's stock is trading lower following worse-than-expected Q2 results. The company reported a net loss of 24 cents per share and sales of $150.49 million, slightly below estimates.
ChargePoint's stock is trading lower due to the company's worse-than-expected Q2 results. The company reported a net loss of 24 cents per share, which was higher than the analyst consensus estimate of a loss of 15 cents. Additionally, the company's quarterly sales were slightly below the analyst consensus estimate. This negative financial performance is likely to have a negative impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100