Beyond Meat Stock Trending—Edges Lower In Pre-Market Amid Earnings Miss, Weak Q1 Guidance - Beyond Meat (
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4 Articles
Beyond Meat Stock Trending—Edges Lower In Pre-Market Amid Earnings Miss, Weak Q1 Guidance - Beyond Meat (
Beyond Meat Inc. (NASDAQ:BYND) shares are trending on Thursday. On Thursday, BYND edged lower by 0.85% in pre-market trading to $0.6150 after fourth-quarter earnings missed estimates by 163.64%, marking its fifth consecutive EPS miss, while first-quarter guidance came in well below expectations. The plant-based protein maker reported an adjusted loss of 29 cents per share against a consensus estimate of an 11-cent loss. Beyond Meat also reported…
Why is Beyond Meat expecting lower Q1 sales?
Beyond Meat flags another soft quarter for plant based meat Beyond Meat expects its sales to fall again in the first three months of the year, citing a “very volatile” market for plant based meat. The company is also projecting lower first quarter revenues, continuing a pattern of pressure that…
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