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Benzinga
Benzinga
Business
Adam Eckert

After-Hours Action: Why Planet Labs Stock Is Sliding

Planet Labs (NYSE:PL) shares are trading lower in Tuesday's after-hours session after the company reported mixed financial results.

Planet Labs said first-quarter revenue increased 26% year-over-year to $40.1 million, which beat the estimate of $39.5 million, according to data from Benzinga Pro. The company reported a quarterly earnings loss of 17 cents per share, which missed the estimate for a loss of 15 cents per share.

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