US Stock Market Move | The first quarter turns to breakeven, Planet Labs PBC (PL.US) soars over 57%

On Thursday, Planet Labs PBC (PL.US) surged over 57%, to $6.26. In terms of news, the company reported a first-quarter non-GAAP EPS of $0.00 on Wednesday evening, compared to a net loss of $0.05 in the same period last year. Analysts surveyed by FactSet had expected a loss of $0.04. For the three months ending on April 30, revenue was $66.3 million, up from $60.4 million in the same period last year, with analysts expecting $62.3 million. The company projects revenue for the 2026 fiscal year to be between $265 million and $280 million, while analysts predict $271.1 million.