Stock Track | Planet Labs Soars 14.61% in Pre-Market on Strong Q3 Earnings and Upbeat Revenue Guidance

Stock Track12-11

Planet Labs PBC (NYSE: PL) surged 14.61% in pre-market trading Thursday, extending its post-market gains after reporting better-than-expected fiscal third-quarter results and raising its full-year revenue outlook.

The company posted revenue of $81.3 million, a 33% year-over-year increase that surpassed analyst estimates of $71.99 million. Adjusted earnings per share broke even, outperforming the anticipated $0.03 loss. Planet Labs also raised its fiscal 2026 revenue forecast to $297-$301 million, well above the consensus estimate of $285.5 million.

CEO Will Marshall attributed the strong performance to robust demand for AI-enabled global monitoring solutions, including contracts with the National Geospatial-Intelligence Agency (NGA) and NATO. The company achieved its fourth consecutive quarter of adjusted EBITDA profitability and maintained positive free cash flow, further bolstering investor confidence.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment