Shares of EVgo Inc. surged 3.5% in premarket trading Thursday, after the electric-vehicle charging infrastructure company reported fourth-quarter revenue...
Shares of EVgo Inc.
surged 3.5% in premarket trading Thursday, after the electric-vehicle charging infrastructure company reported fourth-quarter revenue that soared nearly 4-fold to beat expectations, while losses narrowed sharply. The net loss for the quarter to Dec. 31 was $4.4 million, or 6 cents a share, after a loss of $12.0 million, or 18 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 16 cents. Revenue grew 282.4% to $27.3 million, beating the FactSet consensus of $19.
surged 3.5% in premarket trading Thursday, after the electric-vehicle charging infrastructure company reported fourth-quarter revenue that soared nearly 4-fold to beat expectations, while losses narrowed sharply. The net loss for the quarter to Dec. 31 was $4.4 million, or 6 cents a share, after a loss of $12.0 million, or 18 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 16 cents. Revenue grew 282.4% to $27.3 million, beating the FactSet consensus of $19.
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