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ChargePoint Stock Slides After Q2 Results: Here's Why
Why it may matterVerify against the original reporting
Missing EPS estimates and declining networked revenue suggest investor concern similar to previous quarterly misses.
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What happened, with direct paths to the underlying reporting
CHPT reported losses of $1.42 per share, missing estimates. Quarterly revenue was $98.59 million, exceeding expectations of $96.64 million. Networked charging systems revenue fell 21% year-over-year to $50.4 million. Subscription revenue increased 10% to $39.9 million compared to last year. CHPT anticipates third-quarter revenue of $90-$100 million, short of analyst estimates.
- CHPT reported losses of $1.42 per share, missing estimates.
- Quarterly revenue was $98.59 million, exceeding expectations of $96.64 million.
- Networked charging systems revenue fell 21% year-over-year to $50.4 million.
- Subscription revenue increased 10% to $39.9 million compared to last year.
- CHPT anticipates third-quarter revenue of $90-$100 million, short of analyst estimates.
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