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By Yasin Ebrahim
Investing.com – Blink Charging reported combined third-quarter outcomes as earnings missed, however income beat Wall Avenue estimates.
Blink Charging (NASDAQ:) was up 8% in afterhours commerce following the report.
The electrical car charging firm reported a 3rd quarter lack of 36 cents a share on income of $6.4 million, in contrast with expectations for a lack of 28 cents a share on income of $4.7 million.
The corporate mentioned 3,016 charging stations have been contracted or offered in Q3 2021, a rise of 351% in comparison with final yr.
Service revenues, which embody charging service income, community charges, and ride-sharing service income, elevated 425% yr over yr.
The rise in companies income was pushed by “better utilization of chargers, an elevated variety of chargers on the Blink community, revenues related to the Blink Mobility ride-sharing service program, and revenues from the Blue Nook acquisition,” the corporate mentioned..
“Our third quarter outcomes continued the momentum constructed throughout the first half of 2021, exceeding our inner expectations…,” it added.
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