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Benzinga

Business

Adam Eckert

Why ChargePoint Shares Are Rising Today

ChargePoint CHPT ChargePoint Holdings Inc NYSE

ChargePoint Holdings Inc (NYSE:CHPT) is trading higher Thursday after the company reported better-than-expected financial results and issued guidance above estimates.

ChargePoint said fourth-quarter revenue increased 90% year-over-year to $80.67 million, which beat the $76.62 million estimate. The company reported an adjusted quarterly earnings loss of 17 cents per share, which was worse than the estimate for a loss of 15 cents per share.

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