Shares of Planet Labs PBC (NYSE:PL) rose sharply in pre-market trading after the company reported better-than-expected third-quarter sales results and issued fourth-quarter sales guidance above estimates. Also, the company raised its FY26 sales guidance above estimates.
Planet Labs reported third-quarter revenue of $81.25 million, beating analyst estimates of $71.99 million, according to Benzinga Pro. The satellite imaging company reported breakeven adjusted earnings per share and a loss of 19 cents per share on a GAAP basis.
Planet Labs PBC shares jumped 16.4% to $15.15 in the pre-market trading session.
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