Planet Labs Q2 EPS $(0.14) Misses $(0.08) Estimate, Sales $53.76M Miss $54.14M Estimate
Portfolio Pulse from Happy Mohamed
Planet Labs (NYSE:PL) reported Q2 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.08) by 75 percent. This is a 6.67 percent increase over losses from the same period last year. The company also reported quarterly sales of $53.76 million, missing the analyst consensus estimate of $54.14 million by 0.70 percent, but a 10.96 percent increase over sales from the same period last year.
September 07, 2023 | 8:17 pm
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NEGATIVE IMPACT
Planet Labs reported Q2 losses and sales that missed analyst estimates. However, both losses and sales improved compared to the same period last year.
Planet Labs reported higher losses and lower sales than expected, which is typically negative for the stock price. However, the YoY improvement in both metrics could mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100