Why Is Blink Charging Stock Falling Today?
Portfolio Pulse from Nabaparna Bhattacharya
Blink Charging Co. (NASDAQ:BLNK) shares are falling after the announcement of CEO Brendan Jones' retirement in 2025 and a disappointing earnings report. The company missed Q2 revenue and earnings estimates and lowered its 2024 revenue guidance.
August 28, 2024 | 4:40 pm
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Blink Charging's stock is down due to CEO Brendan Jones' retirement announcement and a disappointing Q2 earnings report. The company missed revenue and earnings estimates and lowered its 2024 revenue guidance.
The stock is reacting negatively to the news of the CEO's planned retirement and the company's poor financial performance. The missed earnings and revenue estimates, along with the lowered guidance, suggest potential challenges ahead, impacting investor sentiment.
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