Planet Labs Q2 2024 GAAP EPS $(0.06), Inline, Sales $61.09M Miss $61.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Planet Labs reported Q2 2024 earnings per share of $(0.06), meeting analyst expectations. However, their sales of $61.09 million fell short of the $61.82 million estimate, despite a 13.64% increase from the previous year.
September 05, 2024 | 8:09 pm
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NEUTRAL IMPACT
Planet Labs' Q2 2024 earnings per share met expectations, but sales missed estimates slightly. Despite the miss, sales increased by 13.64% year-over-year.
The earnings per share meeting expectations is neutral for the stock price. The slight miss in sales estimates could be seen as a negative, but the significant year-over-year sales growth may offset this, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100