Planet Labs PBC (PL) rose 36.01%, gaining $4.66 to $17.60, after the company reported strong third-quarter results.
Revenue grew 33 percent year over year to $81.3 million, marking a quarterly record. The company also posted its fourth consecutive quarter of adjusted EBITDA profitability, expanded gross margin, and reported a 40 percent increase in total contract backlog.
Shares moved sharply higher on the earnings beat and improved full-year outlook. Planet Labs opened at $13.28, reached a high of $17.88, and a low of $12.90, compared with the previous close of $12.94. The stock trades on the NYSE.
Trading volume was significantly elevated, exceeding 28 million shares, well above the average of approximately 3.2 million. The 52-week range is $8.20 - $18.10.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.