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09.12.2024 22:31:47
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Planet Labs PBC Q3 Loss Decreases, Beats Estimates
(RTTNews) - Planet Labs PBC (PL) released Loss for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at -$20.08 million, or -$0.07 per share. This compares with -$38.00 million, or -$0.13 per share, in last year's third quarter.
Excluding items, Planet Labs PBC reported adjusted earnings of -$5.99 million or -$0.02 per share for the period.
Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.6% to $61.27 million from $55.38 million last year.
Planet Labs PBC earnings at a glance (GAAP) :
-Earnings (Q3): -$20.08 Mln. vs. -$38.00 Mln. last year. -EPS (Q3): -$0.07 vs. -$0.13 last year. -Revenue (Q3): $61.27 Mln vs. $55.38 Mln last year.
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