After-Hours Alert: Why ChargePoint Stock Is Rising

ChargePoint Holdings Inc CHPT shares are trading higher in Tuesday's after-hours session after the company reported second-quarter revenue results that came in above estimates and issued guidance.

ChargePoint said fiscal second-quarter revenue increased 93% year-over-year to $108.3 million, which beat average analyst estimates of $103.97 million, according to Benzinga Pro. The company reported a quarterly earnings loss of 28 cents per share, which was down from a loss of 13 cents per share year-over-year.

"ChargePoint delivered another strong quarter, with continued growth across all verticals and geographies," said Pasquale Romano, president and CEO of ChargePoint. 

ChargePoint expects third-quarter revenue to be between $125 million and $135 million versus the estimate of $130 million. The company expects full-year revenue to be between $450 million and $500 million versus the estimate of $476.47 million. 

See Also: Why CrowdStrike Stock Is Moving After Hours

CHPT Price Action: ChargePoint has a 52-week high of $20.99 and a 52-week low of $8.50.

The stock was up 4.41% in after hours at $15.12 at press time.

Photo: courtesy of ChargePoint.

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: EarningsNewsGuidanceAfter-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!