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
Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%
Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings
What lies in store for Tyson Foods (TSN) this year?
Shares of Tyson Foods Inc. (NYSE: TSN) were in green territory during afternoon hours on Tuesday. The stock has gained 32% over the past 12 months and 23% since the
Virgin Galactic (SPCE) fails to impress market amid looming uncertainty
Space tourism company Virgin Galactic Holdings, Inc. (NYSE: SPCE) ended the first quarter of 2021 without generating revenue and continued the losing streak even as uncertainty over its test flight
