Why Blink Charging Is Plunging Despite 177% Growth in Sales
Blink Charging (NASDAQ: BLNK) stock is tumbling today and was down 10.8% as of 10:45 a.m. EDT. Blame its second-quarter numbers that were released on Aug. 11 after market close.
To be sure, Blink Charging's sales growth absolutely crushed Wall Street estimates, but a larger-than-expected loss is weighing down the electric vehicle stock. Here's all you need to know.
Consensus estimates called for 55% growth in Blink Charging's second-quarter revenue and a loss of $0.16 a share.
Source Fool.com
