Why Planet Labs Stock Crashed 21% Today
PLPlanet Labs PBC(PL) The Motley Fool·2024-09-06 23:19

Planet Labs stock remains far from fulfilling its pre-IPO promises of 2021.Another day, another poor performance from Planet Labs (PL -21.98%). Last night, the space stock that operates the world's largest constellation of Earth observation satellites announced financial results for its fiscal second quarter of 2025 -- and the news wasn't great.Planet Labs said it lost 0.06pershareinthequarter,onsalesof0.06 per share in the quarter, on sales of 61.1 million. And granted, these results were basically in line with what analysts had predicte ...