Why Blink Charging Shares Are Trading Lower After Hours

Blink Charging Co BLNK is trading lower after the company reported worse-than-expected earnings results. 

Blink said fourth-quarter revenue grew 224% year-over-year to $7.95 million, which beat the $5.43 million estimate. Product sales totaled $5.7 million in the fourth quarter, up 214% year-over-year.

The EV charging company reported a quarterly earnings loss of 45 cents per share, which came in below the estimate for a loss of 39 cents per share.

Blink offers both residential and commercial EV charging solutions, enabling EV drivers to easily recharge at various location types.

See Also: Why DocuSign Shares Are Falling After Hours

BLNK 52-Week Range: $17.93 - $49

Blink shares were down 7.28% at $23.30 in after-hours trading.

Photo: courtesy of Blink.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapAfter-Hours CenterMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!