Planet Labs (NYSE:PL) reported its Q3 earnings results on Thursday, December 7, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Planet Labs missed estimated earnings by 62.5%, reporting an EPS of $-0.13 versus an estimate of $-0.08.
Revenue was up $5.68 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.06 which was followed by a 11.04% drop in the share price the next day.
Here’s a look at Planet Labs’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.08 | -0.15 | -0.16 | -0.17 |
| EPS Actual | -0.14 | -0.13 | -0.14 | -0.15 |
| Revenue Estimate | 54.14M | 52.91M | 52.56M | 47.20M |
| Revenue Actual | 53.76M | 52.70M | 52.98M | 49.70M |
To track all earnings releases for Planet Labs visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
