All articles tagged with #planet labs
The article highlights today's top moving stocks, with Planet Labs leading gains after strong earnings, EchoStar's deal with SpaceX boosting satellite stocks, Robinhood's inclusion in the S&P 500, and mixed results for biotech firms like Summit Therapeutics and BioNTech, alongside CVS Health's stock decline due to regulatory concerns.
Planet Labs' shares surged over 50% after reporting its first profitable quarter with record revenue of $66.3 million, exceeding estimates and demonstrating strong growth driven by demand for satellite imagery and AI-enabled solutions.
DocuSign beats expectations in Q2 earnings, leading to a 3.6% increase in shares, while Guidewire Software's revenue falls short, causing a 2% drop in stock. Smartsheet's stock rises by 6% after beating analyst estimates for Q2 earnings, and Planet Labs' shares slide over 6% as it falls short of expectations in its latest quarterly report. Luxury home furnishings company RH reports a weak outlook, resulting in an 8% drop in shares, and VinFast stock slips 2% in after-hours trading after experiencing a significant loss since its debut on the Nasdaq in August.
Stocks rose as investors await the Federal Reserve's decision on interest rates and a reading on inflation. The S&P 500 entered bull market territory. Notable movers include Tesla, General Motors, ChargePoint, Planet Labs, and Adobe.
Tesla and General Motors' shares rose after announcing that GM's electric vehicles will have access to Tesla's fast-charging network in North America starting next year. Sientra's shares skyrocketed after the FDA granted clearance for its AlloX2 Pro Tissue Expander. EVgo and Planet Labs' shares slumped after Tesla's announcement. ChargePoint Holdings, EVgo, and Blink Charging's shares fell, while Braze Inc. and Mission Produce Inc.'s shares rose. Mangoceuticals Inc.'s shares fell after a sharp pullback from the previous session's intraday high.