Stock Market Today, Sept. 4: Planet Labs Dips 1% Despite Earnings Beat, Full-Year Guidance Raise
Today, Sept. 4, 2026, the satellite imagery provider's earnings beat, lifting the full-year outlook to $430M–$441M, though mixed analyst moves kept gains in check.
Overview
Planet Labs PBC (NYSE:PL), a daily satellite imagery and geospatial analytics provider, closed at $18.11, down 1.28%. Shares slipped after mixed premarket analyst updates, following Thursday's earnings beat and guidance raise. Trading volume reached 30.8M shares, coming in about 182% above its three-month average of 10.9M shares. Planet Labs PBC IPO'd in 2021 and has grown 83% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.39% to 7,718, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.29% to 26,507. Among aerospace & defense -- satellite-based earth observation and geospatial analytics peers, BlackSky Technology (NYSE:BKSY) closed at $20.50, down 0.63%, while Satellogic (NASDAQ:SATL) ended at $4.64, up 0.22%, underscoring a mixed session for the group.
Details
It was an excellent Q2 for Planet Labs as sales rose 58% and the company delivered a surprise positive adjusted EPS of $0.02 -- both above Wall Street's expectations. However, the stock slid 1% on mixed analyst price target changes and subsequent evaluations today.
Source
Originally published at www.fool.com.