Categories AlphaGraphs, Consumer, Earnings
Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus estimates.
Adjusted loss widened to $0.34 per share in the December-quarter from $0.01 per share in the prior-year period. Market watchers had predicted a smaller loss for the most recent quarter.
Unadjusted net loss was $25.1 million or $0.40 per share, compared to a loss of $0.5 million or $0.01 per share in the fourth quarter of 2019. Meanwhile, total revenues advanced 3.5% to $101.9 million from $98.5 million last year, but missed the Street view.
Read management/analysts’ comments on Beyond Meat’s Q4 results
Beyond Meat’s stock closed Thursday’s regular trading lower but gained during the extended session.
Most Popular
Disney (DIS): A look at the major winning points for its streaming business
Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was
KSS Stock: After terminating sale talks, what awaits Kohl’s this year
Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an
Walt Disney Company (DIS) Q3 revenues, earnings beat Street view
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los