Planet Labs is trading 5.16% down at $17.18 after investors continued reassessing its September 3 earnings report and comparatively weak near-term outlook.
- Quarterly revenue beat expectations, and full-year guidance increased.
- Third-quarter revenue guidance of $101 million–$105 million implied a sequential decline and came below analyst estimates.
- Mixed analyst reactions and a smaller European defense contract weighed on sentiment; the broader market is modestly lower, but the earnings-related reset appears primary.