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