Shares of EVgo Inc. jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations, gave a more upbeat...
Shares of EVgo Inc.
jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations, gave a more upbeat full-year sales outlook and reported second-quarter results that were better than expected. The company reported a net loss of $21.5 million, or 8 cents a share, contrasting with a $16.9 million profit, or 6 cents a share, in the same quarter last year. Revenue jumped 457% to $50.6 million from $9.1 million in the prior-year quarter.
jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations, gave a more upbeat full-year sales outlook and reported second-quarter results that were better than expected. The company reported a net loss of $21.5 million, or 8 cents a share, contrasting with a $16.9 million profit, or 6 cents a share, in the same quarter last year. Revenue jumped 457% to $50.6 million from $9.1 million in the prior-year quarter.
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