ChargePoint Q2 Earnings: Revenue Miss, EPS In Line, Q3 Guidance, 15% Workforce Reduction And More
Portfolio Pulse from Adam Eckert
ChargePoint Holdings Inc (NYSE:CHPT) reported Q2 earnings with revenue missing estimates and EPS in line. The company announced a 15% workforce reduction and expects Q3 revenue between $85M-$95M. Shares fell 8.28% in after-hours trading.
September 04, 2024 | 8:47 pm
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ChargePoint reported Q2 revenue below expectations and announced a 15% workforce reduction. The company provided Q3 revenue guidance of $85M-$95M. Shares dropped 8.28% in after-hours trading.
ChargePoint's revenue miss and significant workforce reduction indicate operational challenges, leading to a negative market reaction with shares dropping 8.28% after-hours. The Q3 guidance suggests continued revenue pressure.
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