Beyond Meat (BYND.US) Shares Plunge Over 9% as Q3 Loss Widens

Stock News
昨天

On Tuesday, shares of Beyond Meat, Inc. (BYND.US) dropped more than 9% intraday before paring losses to 2.15%, trading at $1.32 by press time. The company reported a 13.3% year-over-year decline in Q3 net revenue to $70.2 million, slightly above analysts' average estimate of $69 million. However, its net loss widened to $110.7 million, driven by asset impairment charges and the suspension of operations in China earlier this year. The loss per share stood at $0.47, missing analysts' expectations of a $0.31 loss per share. Beyond Meat anticipates Q4 revenue between $60 million and $65 million, below the market consensus of $70.03 million.

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