CORRECTION: On Wednesday August 7, 2024 Blink Charging Reported Q2 Adj EPS $(0.18) Misses $(0.15) Estimate, Sales $33.26M Miss $39.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blink Charging (NASDAQ:BLNK) reported Q2 adjusted EPS of $(0.18), missing the $(0.15) estimate. Sales were $33.26M, missing the $39.15M estimate. Despite the misses, EPS improved by 59.09% YoY and sales increased by 1.28% YoY.
August 08, 2024 | 1:28 pm
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Blink Charging reported Q2 adjusted EPS of $(0.18), missing the $(0.15) estimate. Sales were $33.26M, missing the $39.15M estimate. Despite the misses, EPS improved by 59.09% YoY and sales increased by 1.28% YoY.
The Q2 earnings report shows that Blink Charging missed both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the YoY improvement in EPS and slight increase in sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100