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Why Planet Labs (PL) Stock Is Down Today
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 4.3% in the afternoon session after an analyst at Zacks Research downgraded the stock's rating from 'hold' to a 'strong sell'. The downgrade was reportedly influenced by the company's recent earnings miss. Despite Planet Labs beating revenue expectations with a reported $81.25 million, it posted an earnings per share (EPS) of ($0.19). This figure was significantly below the consensus estimate of ($0.02), raising concerns for analysts and investors about the company's profitability and pressuring the stock.
Stocks making big moves yesterday: UiPath, Kratos, and Sweetgreen
Check out the companies making headlines yesterday:
5 Insightful Analyst Questions From Nike’s Q4 Earnings Call
Nike’s fourth quarter saw flat year-on-year sales and a significant operating margin decline, which led to a sharp negative market reaction. Management linked these results to ongoing efforts to reset its classics business, promote new product lines, and address regional weaknesses, notably in China. CEO Elliott Hill described the company as being in the "middle innings" of a turnaround, acknowledging that while North America performed well, other regions lagged behind. CFO Matt Friend cited higher tariffs and inventory clean-up, especially in Greater China, as major contributors to the margin pressure.