EV Stock Losses Double, Sales Quadruple
Investors expected a very bad financial report from Blink Charging (NASDAQ: BLNK) on Monday. Lucky for them, they were wrong -- the news was only half bad.
Reporting earnings for the first quarter of 2022 Monday evening, Blink Charging -- which like the name implies, is building a charging network to power electric cars on American highways -- surprised investors when it reported a $0.36 per share loss. Granted, that loss was big. But investors had been expecting losses to stretch as far as $0.41 per share, and so were elated to see Blink "beat" by a nickel.
Result: After plunging 13.5% during ordinary trading hours Monday, Blink stock turned around and charged 4% higher after hours.
Source Fool.com