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Benzinga

Business

Henry Khederian

Why Blink Charging Shares Are Falling

Blink Blink Charging Blink Charging Co

Blink Charging Co (NASDAQ:BLNK) shares are trading lower by 8.9% at $22.90 after the company reported worse-than-expected fourth-quarter EPS results.

Blink Charging reported quarterly losses of 45 cents per share which missed the analyst consensus estimate of a loss of 39 cents. Blink Charging also reported quarterly sales of $7.95 million which beat the analyst consensus estimate of $5.43 million by 46%. This is a 224% increase over sales of $2.45 million the same period last year.

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