Planet Labs reports Q3 adjusted EPS (5c), consensus (8c)

Reports Q3 revenue $55.4M, consensus $55.25M. “Growth in the third quarter was driven by strength in the Civil Government and Defense & Intelligence markets,” said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson. “We focused on sharpening our go-to-market execution and we recently achieved multiple important product milestones, including successfully launching 37 satellites, enabling low touch sales of Planet data on our Sentinel Hub platform and releasing the new Forest Carbon product to market.”