Earnings Results: ChargePoint guides for lower sales, stock falls more than 8%

June 1, 2023

Shares of ChargePoint Holdings Inc. fell more than 8% in the aftermarket Thursday after the EV charging-network company reported a quarterly loss around Wall Street expectations, but said it expected lower sales in its current quarter.

ChargePoint CHPT lost $79.4 million, or 23 cents a share, in the fiscal 2024 first quarter, compared with a loss of $89.3 million, or 27 cents a share, in the year-ago quarter. The per-share loss met FactSet consensus.

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