Planet Labs (NYSE:PL) stock, which has traded mostly sideways throughout this year, is surging ahead during the pre-market session on Tuesday. Strong Q2 revenue growth and full-year guidance raise are behind the spike in PL stock. Further, strong margin expansion is a positive. A Snapshot of Planet Labs' Q2 Results and Fiscal 2023 Guidance Planet Labs stock is up over 11% in the pre-market trading session. The company that provides daily data and insights about Earth has delivered 59% year-over-year growth in its top line in Q2.
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