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EV Stock Losses Double, Sales Quadruple

TheMotleyFool

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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

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