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ChargePoint Stock Is Slipping Despite a Big Sales Beat. Here’s What Went Wrong.

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https://www.barrons.com/articles/chargepoint-earnings-stock-evs-51654084754

Updated June 1, 2022 9:13 am ET / Original June 1, 2022 8:00 am ET

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The electric-vehicle charging-equipment company ChargePoint Holdings reported much better sales than even it expected for its first fiscal quarter of 2023, but supply-chain issues and inflation are weighing on the shares.

Tuesday evening, ChargePoint (ticker: CHPT) reported sales of $81.6 million. That was higher than the consensus call of $75.7 million among Wall Street analysts and exceeded the range of $72 million to $77 million that management had told investors to expect.

But…

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