Heard on the Street: The bar was unusually high for Beyond Meat’s quarterly results
By Aaron Back Oct. 28, 2019 5:56 pm ET Beyond Meat BYND 4.56% on Monday reported what looked like excellent results. But excellent doesn’t cut it for a stock this hyped.
It didn’t help that the company’s full-year revenue guidance, though up from its earlier forecast, still implied a fourth quarter only in line with Wall Street’s expectations, according to JPMorgan Chase analyst Ken Goldman. It would have taken stellar quarterly results to overcome these gravitational forces and Monday’s numbers were merely very good.
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