Electric vehicles (EV) charging service provider Blink Charging (BLNK) closed 5.3% lower on August 13 after the company reported second-quarter earnings, despite revenues crushing consensus estimates and surging year-over-year. Takeaways From Q2 Results Not only did Blink Charging’s quarterly revenues of $4.4 million surpassed consensus estimates by 41%, but the metric also climbed 177% year-over-year. Strong product sales and partial gains from the acquisition of charging port provider Blue Corner were tailwinds for the top line. (See Blink Charging stock chart on TipRanks) Notably, Blink Charging contracted, sold, or installed 3,264 commercial and residential EV charging stations during the second quarter, almost nine times more than the year-ago quarter.
https://www.tipranks.com/news/article/what-shook-investors-confidence-in-blink-charging?utm_source=advfn.com&utm_medium=referral
Blink Charging (NASDAQ:BLNK)
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Blink Charging (NASDAQ:BLNK)
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