ChargePoint Reports Mixed Q2 Results, Maintains Full-Year Guidance
Investing.com | Author Yasin Ebrahim
Published Aug 30, 2022 04:15PM ET
Updated Aug 30, 2022 04:33PM ET
By Yasin Ebrahim
Investing.com -- ChargePoint reported Tuesday mixed second-quarter results as losses were wider than expected as higher revenue was offset by a jump in costs.
ChargePoint Holdings (NYSE:CHPT) was up more than 4% in aftermarket hours following the report.
The electric vehicle charging company reported a loss of 28 cents on revenue of $108.3 million. Analysts polled by Investing.com anticipated a loss of 22 cents a share on revenue of $103.0 million.
Total operating expenses jumped to $108.5 million from $85.1 million.
Looking ahead, the company forecast third-quarter revenue in a range of $125 million to $135 million, in line with estimates of $130.28 million.
For the full-year 2022, the outlook on revenue was maintained in a range of $450 million to $500 million
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