04:39 PM EST, 12/04/2024 (MT Newswires) -- ChargePoint Holdings ( CHPT ) reported late Wednesday its fiscal Q3 net loss narrowed to $0.18 per diluted share, from $0.43 a year earlier.

Analysts polled by FactSet expected a loss of $0.18.

Revenue for the quarter ended Oct. 31 was $99.6 million, down from $110.3 million a year earlier.

Analysts surveyed by FactSet expected $89.8 million.

The company said it is focusing on achieving growth and optimizing operations to reach positive non-GAAP Adjusted EBITDA, targeted for a quarter in fiscal year 2026.

Shares of ChargePoint ( CHPT ) jumped more than 18% in recent Wednesday trading.