ChargePoint Stock Plunges After Earnings. The Economy Is Crimping Growth.

Shares of EV charging equipment maker ChargePoint are dropping after disappointing quarterly earnings. There is sales growth at the company, but just not enough for investors.

Solid expansion, but below what Wall Street was expecting. Analysts were looking for a 13-cent loss from $153.2 million in sales. “While we expected near-term headwinds….ChargePoint’s [guides] were below our revised expectations,” wrote J.P. Morgan analyst Bill Peterson in a Thursday report. “Growth is still being held back by reduced discretionary spend in some markets with fleet growth also being held back by lack of vehicle availability.”

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock Market News Today: Dow Falls More Than 200 Points; AMC Stock in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Fuente: WSJ - 🏆 98. / 63 Leer más »

Get a lifetime of investment training for just $100 during our Labor Day Sale until 9/4Use code STOCK to get a lifetime subscription to Tykr Stock plus Free Top Tools for Better Stock Picking Course for just $99.97 during our Labor Day Sale through 11:59 PM September 4.
Fuente: ksatnews - 🏆 442. / 53 Leer más »