Planet Labs PBC Q4 Loss decreases, beats estimates

(RTTNews) - Planet Labs PBC (PL) announced Loss for fourth quarter that decreased from the same period last year and beat the Street estimates.

The company's bottom line came in at -$37.8 million, or -$0.14 per share. This compares with -$46.0 million, or -$0.26 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 42.9% to $53.0 million from $37.1 million last year.

Planet Labs PBC earnings at a glance (GAAP) :

-Earnings (Q4): -$37.8 Mln. vs. -$46.0 Mln. last year. -EPS (Q4): -$0.14 vs. -$0.26 last year. -Analyst Estimates: -$0.16 -Revenue (Q4): $53.0 Mln vs. $37.1 Mln last year.

-Guidance: Next quarter revenue guidance: $51-$54 mln