ChargePoint Holdings Inc.’s stock plunged 11% in extended trading Wednesday after the company reported a deepening loss. ChargePoint reported a fiscal...
ChargePoint Holdings Inc.’s CHPT, -2.75% stock plunged 11% in extended trading Wednesday after the company reported a deepening loss. ChargePoint reported a fiscal second-quarter net loss of $125.3 million, or 35 cents a share, compared with a net loss of $92.7 million, or 28 cents a share, in the year-ago quarter.
Adjusted earnings were a loss of 24 cents a share. Revenue did climb 39% to $150.5 million from $108.3 million a year ago. Analysts surveyed by FactSet had expected on average a net loss of 13 cents a share on revenue of $153.2 million. Shares of ChargePoint have slumped 26% this year, while the broader S&P 500 index SPX, -0.70% has increased 16%.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Visa Inc. Cl A stock rises Friday, outperforms marketShares of Visa Inc. Cl A inched 0.99% higher to $248.11 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P...
Read more »
Berkshire Hathaway Inc. Cl B stock outperforms competitors despite losses on the dayShares of Berkshire Hathaway Inc. Cl B slid 0.55% to $360.47 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the...
Read more »
Apple Inc. stock underperforms Tuesday when compared to competitors despite daily gainsShares of Apple Inc. inched 0.13% higher to $189.70 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ...
Read more »
Alphabet Inc. Cl A stock underperforms Tuesday when compared to competitors despite daily gainsShares of Alphabet Inc. Cl A inched 0.08% higher to $135.77 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the...
Read more »
Netflix Inc. stock outperforms competitors on strong trading dayShares of Netflix Inc. rose 2.00% to $448.68 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index...
Read more »
Tesla Inc. stock rises Tuesday, outperforms marketShares of Tesla Inc. rallied 4.69% to $256.49 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ...
Read more »