Breaking News
Mar 30, 2023
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Real gross domestic product growth for the final quarter of 2022 was revised lower, according to the third and final estimate released by the U.S. Bureau of Economic Analysis Thursday.
The U.S. economy expanded at an annual pace of 2.6% in the December quarter, slower than the previous estimate of 2.7% and 3.2% in the third quarter.
Consumer spending increase was revised lower to 1.0% from the previous estimate of 1.4% and international
Real GDP increased 2.1% in 2022, compared with an increase of 5.9% in 2021. -
EVgo Inc, the electric vehicle charging network company, reported a surge in fourth quarter revenue and a rise in network throughput.
Revenue in the fourth quarter increased 283% to $27.3 million from $7.1 million and net loss fell to $17.0 million from $46.3 million and diluted loss per share fell to 6 cents from 18 cents a year ago.
For the full-year 2022, revenue soared 146% to $54.6 million from $22.2 million and net loss expanded to $27.6 million from $5.9 million and diluted loss per share rose to 40 cents from 9 cents a year ago.
The company guided 2023 revenue in the range of $105 million to $150 million and adjusted operating earnings between $78 million and $60 million.
Additionally, at year-end 2023, EVgo expects to have between 3,400 and 4,000 DC fast charging stalls in operation or under construction.