Stock Track | Beyond Meat Plunges 5.38% as Disappointing Q4 Earnings Overshadow Revenue Beat

Stock Track

Feb 27

Beyond Meat's stock experienced a 5.38% plunge during Wednesday's trading session, as the company's fourth-quarter earnings report failed to meet market expectations despite a slight revenue beat.

The plant-based meat alternative company reported revenue of $76.7 million for the quarter, narrowly exceeding the consensus estimate of $75.9 million. However, its adjusted EBITDA of -$26 million, earnings per share of -$0.65, and net income of -$44.9 million all missed analysts' projections.

Beyond Meat provided full-year 2023 guidance, forecasting revenue in the range of $320 million to $335 million and capital expenditures between $15 million and $20 million. The company's outlook seems to have fallen short of investors' expectations, contributing to the stock's decline.

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However, its adjusted EBITDA of -$26 million, earnings per share of -$0.65, and net income of -$44.9 million all missed analysts' projections.</p>\n\n<p>Beyond Meat provided full-year 2023 guidance, forecasting revenue in the range of $320 million to $335 million and capital expenditures between $15 million and $20 million. The company's outlook seems to have fallen short of investors' expectations, contributing to the stock's decline.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYND","symbol_name":"Beyond Meat, Inc.","start_time":0,"source_url":"","article_id":"1126333509","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126333509","pubTimestamp":1740604122,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Beyond Meat's stock experienced a 5.38% plunge during Wednesday's trading session, as the company's fourth-quarter earnings report failed to meet market expectations despite a slight revenue beat.The plant-based meat alternative company reported revenue of $76.7 million for the quarter, narrowly exceeding the consensus estimate of $75.9 million. However, its adjusted EBITDA of -$26 million, earnings per share of -$0.65, and net income of -$44.9 million all missed analysts' projections.Beyond Mea","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BYND":"Beyond Meat, Inc."},"translate_title":"由于令人失望的第四季度盈利盖过了营收增长，Beyond Meat股价暴跌5.38%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYND":1},"content_text":"Beyond Meat's stock experienced a 5.38% plunge during Wednesday's trading session, as the company's fourth-quarter earnings report failed to meet market expectations despite a slight revenue beat.\nThe plant-based meat alternative company reported revenue of $76.7 million for the quarter, narrowly exceeding the consensus estimate of $75.9 million. 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