ChargePoint Stock Is Sinking. Earnings Fell Short.

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Updated Dec. 8, 2021 8:45 americium ET / Original Dec. 8, 2021 4:57 americium ET

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Shares of ChargePoint Holdings were falling Wednesday aft the electric-vehicle-charging institution boosted gross guidance but reported a fiscal third-quarter nonaccomplishment wider than a twelvemonth earlier.

ChargePoint (ticker: CHPT) posted a quarterly nonaccomplishment of $69.4 million, which was wider than analysts’ estimates and a year-earlier nonaccomplishment of $40.9 million. Revenue successful the 4th roseate 79% to $65 million, astatine the precocious extremity of the company’s guidance. A twelvemonth earlier, gross was $36.4 million.


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