11:44 AM EDT, 08/01/2024 (MT Newswires) -- EVgo ( EVGO ) shares were down 2.9% in recent Thursday trading, surrendering initial gains that followed the company's better-than-expected Q2 results and updated full-year revenue outlook.

EVgo ( EVGO ) reported a Q2 net loss of $0.10 per diluted share, wider than a loss of $0.08 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.12.

Revenue for the quarter ended June 30 was $66.6 million, up from $50.6 million a year earlier.

Analysts surveyed by Capital IQ projected $59.4 million.

The electric vehicle charging company raised the midpoint of its full year 2024 revenue guidance with an updated range of $240 million to $270 million, from the previous range of $220 million to $270 million. Analysts expect $248.2 million.

Price: 3.73, Change: -0.11, Percent Change: -2.86