Planet Labs PBC (PL) reported lower-than-expected second-quarter sales, causing its stock to decline by over 13%. Despite meeting analyst estimates for losses, the company’s revenue fell short, although it did experience growth in government contracts, particularly in defense and intelligence sectors. Despite the miss, Planet Labs remains optimistic about future growth and anticipates revenue to be in the range of $61 million to $64 million for the third quarter.
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Former Liverpool and Scotland midfielder Graeme Souness has expressed his concerns about Manchester United star Alejandro Garnacho, highlighting the excessive attention and rewards that young players receive at the club. He also criticized teammates Marcus Rashford and Antony for their conduct, suggesting that the players at Old Trafford ‘get too much too soon.’