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Benzinga
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ChargePoint Stock Slides After Q2 Results: Here's Why

1. CHPT reported losses of $1.42 per share, missing estimates. 2. Quarterly revenue was $98.59 million, exceeding expectations of $96.64 million. 3. Networked charging systems revenue fell 21% year-over-year to $50.4 million. 4. Subscription revenue increased 10% to $39.9 million compared to last year. 5. CHPT anticipates third-quarter revenue of $90-$100 million, short of analyst estimates.

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FAQ

Why Bearish?

Missing EPS estimates and declining networked revenue suggest investor concern similar to previous quarterly misses.

How important is it?

Earnings results directly affect CHPT's valuation; revenue beats offset by negative EPS indicate mixed performance.

Why Short Term?

Immediate investor reactions to earnings reports often influence short-term stock prices significantly.

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