Planet Labs PBC shares are trading lower after the company reported worse-than-expected Q1 revenue results and issued Q2 and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Planet Labs reported worse-than-expected Q1 revenue results and issued Q2 and FY24 revenue guidance below estimates, causing its shares to trade lower.
June 09, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Planet Labs' shares are trading lower due to worse-than-expected Q1 revenue results and lower Q2 and FY24 revenue guidance.
Planet Labs reported lower-than-expected Q1 revenue results and issued Q2 and FY24 revenue guidance below estimates. This negative financial performance is likely to cause a short-term decrease in the stock price as investors react to the disappointing results and outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100