Planet Labs PBC (PL) Reports Q3 Loss, Misses Revenue Estimates
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Planet Labs PBC (PL) reported a Q3 loss of $0.02 per share, which was better than the Zacks Consensus Estimate of a $0.05 loss. However, the company missed revenue estimates.
December 09, 2024 | 11:45 pm
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NEUTRAL IMPACT
Planet Labs PBC reported a Q3 loss of $0.02 per share, better than the expected $0.05 loss, but missed revenue estimates.
The better-than-expected EPS loss of $0.02 compared to the estimated $0.05 is a positive sign, but missing revenue estimates could offset this. The mixed results may lead to neutral short-term stock movement as investors weigh the EPS beat against the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100