ChargePoint Sees Q2 Revenue $108M-$118M vs $121.35M Est.
Portfolio Pulse from Benzinga Newsdesk
ChargePoint has provided its Q2 revenue guidance, estimating between $108 million and $118 million, which is below the analyst consensus estimate of $121.35 million.
June 05, 2024 | 8:12 pm
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ChargePoint's Q2 revenue guidance of $108M-$118M is below the analyst consensus estimate of $121.35M, which may negatively impact the stock price in the short term.
The revenue guidance provided by ChargePoint is below market expectations, which typically leads to a negative reaction from investors. This shortfall may cause a decline in the stock price as it indicates potential challenges in meeting growth targets.
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