Categories AlphaGraphs, Consumer, Earnings
Beyond Meat (BYND) reports in-line earnings in Q2; tops revenue targets
Beyond Meat (NASDAQ: BYND) reported second quarter 2020 loss of 2 cents per share on an adjusted basis, which came in line with the market’s view. Revenue of $113 million, jumped 69% year-over-year and beat the analysts’ estimates. On a reported basis, the company posted a loss of $10.2 million or $0.16 per share.
Shares of Beyond Meat slumped about 6% in the after-market hours.
Retail sales in the US more than tripled in the quarter, offsetting the weakness in the foodservice business as a result of the ongoing COVID-19 pandemic.
Like last quarter, the company didn’t provide any outlook for fiscal 2020 due to the magnitude and effects of the COVID-19 pandemic.
[irp posts=”64051″]
Most Popular
Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates
Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were
NFLX Stock: What the slowdown in subscriber growth means for Netflix
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
