Planet Labs (NYSE:PL) shares are diving after the close Thursday on the heels of the company’s first-quarter results. Investors appear to be gravitating toward the company’s weaker-than-expected forecast.
- Q1 Revenue: $52.7 million missed estimates of $52.91 million
- Q1 EPS: loss of 13 cents beat estimates for a loss of 15 cents
Revenues were up 31% year-over-year. Gross margin came in at 53% versus 41% in the same period last year.
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