ChargePoint Slipped Over 8% in Premarket Trading on Escalating Quarterly Loss

Tiger Newspress2023-09-07

ChargePoint Holdings Inc. slipped over 8% in premarket trading on escalating quarterly loss.

For the third fiscal quarter, it gave revenue guidance of $150M to $165M, with annual revenue guidance of $605M to $630M. That compares to the average analyst estimate of $182M for the quarter and $678M for the year. For the second quarter, EPS of -$0.35 missed the estimate by $0.14. Revenue of $150.49M missed by $2.34M.

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