Beyond Meat, Inc. (BYND) shares plummeted 5.22% in after-hours trading following the release of its long-awaited third-quarter earnings report. The significant drop comes as investors digest the company's financial results and future outlook.

The plant-based meat company had previously delayed its earnings report, which had been originally scheduled for last week. This postponement had already raised concerns among investors about potential issues with the company's financial performance. Analysts had expected Beyond Meat to report third-quarter revenue of $68.96 million, down from $81.01 million in the same quarter last year, with a projected loss of 31 cents per share.

While the specific details of the earnings report are not yet available, the sharp after-hours decline suggests that the results or guidance may have disappointed investors. The stock's movement reflects ongoing concerns about Beyond Meat's valuation, debt levels, and future growth prospects in an increasingly competitive plant-based meat market. Investors will likely be scrutinizing the company's commentary on future financing plans, sales demand, and strategies to improve its financial position in the face of what the company describes as "an elevated level of uncertainty within its operating environment."