{"id":44150,"date":"2023-08-03T17:38:11","date_gmt":"2023-08-03T21:38:11","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/evgo-stock-rallies-on-better-than-expected-results-upbeat-outlook\/"},"modified":"2023-08-03T17:38:13","modified_gmt":"2023-08-03T21:38:13","slug":"evgo-stock-rallies-on-better-than-expected-results-upbeat-outlook","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44150","title":{"rendered":"EVgo stock rallies on better-than-expected results, upbeat outlook"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002357760\" role=\"document\">\n<p>Shares of EVgo Inc.<br \/>\n        EVGO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/221573245\/composite\" class=\"positive\">+21.70%<\/bg-quote><br \/>\n       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. Analysts polled by FactSet expected a 26-cent per-share loss, on revenue of $29.5 million. The company said it expected full-year sales of $120 million to $150 million, compared with a range of $105 million to $150 million announced in May. \u201cWe are pleased to report EVgo\u2019s network throughput growth is accelerating, demonstrating the leverage in our business and financial model as the auto sector rapidly electrifies,\u201d Chief Executive Cathy Zoi said in a statement.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/evgo-stock-rallies-on-better-than-expected-results-upbeat-outlook-50608e13?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of EVgo Inc. EVGO, +21.70% 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-44150","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EVgo stock rallies on better-than-expected results, upbeat outlook | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of EVgo Inc. EVGO, +21.70% jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44150\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EVgo stock rallies on better-than-expected results, upbeat outlook | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of EVgo Inc. EVGO, +21.70% jumped 12.7% after hours on Wednesday after the company, which runs a network of electric-vehicle charging stations,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=44150\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T21:38:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-03T21:38:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44150#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44150\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"EVgo stock rallies on better-than-expected results, upbeat outlook\",\"datePublished\":\"2023-08-03T21:38:11+00:00\",\"dateModified\":\"2023-08-03T21:38:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44150\"},\"wordCount\":157,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44150#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44150\",\"url\":\"https:\/\/ifintechworld.com\/?p=44150\",\"name\":\"EVgo stock rallies on better-than-expected results, upbeat outlook | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-03T21:38:11+00:00\",\"dateModified\":\"2023-08-03T21:38:13+00:00\",\"description\":\"Shares of EVgo Inc. 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