Why Shares of Planet Labs Are Plunging Today [Yahoo! Finance]
Planet Labs PBC Class A (PL)
Company Research
Source: Yahoo! Finance
With the company reporting disappointing fourth-quarter 2024 financial results after the market closed on Thursday and unfavorable attention from a Wall Street analyst today, investors are trimming -- or exiting altogether -- their positions in this satellite imaging stock. As of 2:07 p.m. ET, shares of Planet Labs are down 11.2%. Record revenue isn't enough to quell investors concerns With markets closed on Friday, investors had to wait until today to express their disapproval of the Q4 2024 financial results that Planet Labs reported. Although the company posted record quarterly revenue of $58.9 million, it was only slightly better than the $58.2 million that analysts had expected the company to report. The bottom line of the income statement, moreover, provided cause for concern. The consensus among analysts was that the company would post earnings per share of negative $0.06, but the company reported a steeper loss of $0.11 per share. An analyst's less optimistic view of t
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PL
News
- ZEP-RE Extends Planet Partnership for Drought Insurance Program in Horn of AfricaBusiness Wire
- Planet Labs PBC (NYSE: PL) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $7.00 price target on the stock.MarketBeat
- Planet to Announce Fiscal First Quarter 2025 Results on Thursday, June 6, 2024Business Wire
- Zacks.com featured highlights include Teradata, Frontdoor, Grand Canyon and Planet Labs [Yahoo! Finance]Yahoo! Finance
- Strapped down, blindfolded, held in diapers: Israeli whistleblowers detail abuse of Palestinians in shadowy detention center [CNN]CNN
PL
Earnings
- 3/28/24 - Beat
PL
Sec Filings
- 5/9/24 - Form 8-K
- 5/8/24 - Form 4
- 4/5/24 - Form 8-K
- PL's page on the SEC website