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Planet Labs Blew Away Expectations -- But Was It Enough?

TheMotleyFool

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Planet Labs Blew Away Expectations -- But Was It Enough?: https://g.foolcdn.com/editorial/images/701179/dove-satellites-ring-the-earth-is-planet-labs.jpg

Shares of Planet Labs PBC (NYSE: PL), the space SPAC and operator of the world's biggest constellation of Earth observation satellites, lit up like a rocket on Tuesday, soaring 15% over six-and-a-half hours of frenzied trading.

The reason: Earnings.

Heading into its fiscal second quarter of 2023, analysts had forecast that Planet Labs would continue losing money -- $0.16 per share -- on sales of $42.4 million. The analysts were one-third right about that.

Source Fool.com

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