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Blink Charging’s inventory surges after income outlook was properly above forecasts

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Shares of Blink Charging Co. BLNK received a giant increase Wednesday, after the electric-vehicle-charging gear maker supplied an upbeat gross sales outlook and affirmed its goal for reaching adjusted profitability.

The corporate BLNK stated it expects fourth-quarter income “to surpass $42 million,” which is properly above the present FactSet consensus of $34.1 million and could possibly be roughly double the year-ago income of $22.6 million.

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