Here's Why Planet Labs Stock Rocketed 83% Higher in September

Shares of Plant Labs (NYSE: PL) jumped 83.1% higher in September, according to data provided by S&P Global Market Intelligence.During the month, the Earth-imaging satellite company announced strong second-quarter earnings results and made significant upward revisions in its guidance. Its results were met with a flurry of upgrades from investment banks as a result. Here's a breakdown.Planet Labs reported its second-quarter earnings results on Sept. 8. During the quarter, the company notched revenue growth of nearly 20% to $73.4 million, well above analysts' consensus estimates of $66.1 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool