Why ChargePoint Stock Is Trading Higher Today

ChargePoint Holdings Inc CHPT shares are trading higher Wednesday after the company reported second-quarter results that came in above analyst estimates and issued guidance.

ChargePoint said fiscal second-quarter revenue increased 93% year-over-year to $108.3 million, which beat average analyst estimates of $103.97 million, according to Benzinga Pro. The company reported a quarterly adjusted earnings loss of 18 cents per share, which beat average analyst estimates for a loss of 22 cents per share. 

"ChargePoint delivered another strong quarter, with continued growth across all verticals and geographies," said Pasquale Romano, president and CEO of ChargePoint. 

ChargePoint expects third-quarter revenue to be between $125 million and $135 million versus the estimate of $130 million. The company expects full-year revenue to be between $450 million and $500 million versus the estimate of $476.47 million. 

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CHPT Price Action: ChargePoint has a 52-week high of $20.99 and a 52-week low of $8.50.

The stock was up 4.21% at $15.10 at time of publication.

Photo: Noya Fields from Flickr.