Beyond Meat’s stock is dropping because revenue is plummeting
Beyond Meat Inc.’s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast.
Beyond... Beyond Meat Inc.’s stock is being grilled after the maker of plant-based meats announced a precipitous drop in revenue and reduced its full-year 2023 net revenue forecast. Beyond Meat reported a fiscal second-quarter net loss of $53.5 million, or 83 cents a share, compared with a net loss of $97.1 million, or $1.53 a share, in the year-ago quarter.Analysts surveyed by FactSet had expected on average a net loss of 84 cents a share on revenue of $108.7 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Funds Are Up 16.7% for 2023The stock-market rally kept investors bullish—to a point. The Fed’s moves still will call the tune.
Read more »
Mannheim Steamroller’s 2023 Christmas Tour to bring holiday joy to Jacksonville in NovemberThis spectacular Christmas event, led by the creative genius Chip Davis himself, will take place on Tuesday, November 21 at 7:30 p.m. at the Jacksonville Center for the Performing Arts.
Read more »
Superman 2023 Annual #1 Preview: Lois v Clark - Dawn of JournalismEditor-in-chief or super-snoop? Unwrap Metropolis's secrets in Superman2023 Annual 1. Are you ready for the next big chapter leading to the mega-crossover? Stay tuned for newsroom drama! DCComics ComingSoon
Read more »
Magic: The Gathering Reveals Multiple New Releases At Gen Con 2023WizardsOfTheCoast went full reveal mode at GenCon 2023, as we got word of multiple releases for MagicTheGathering this weekend. MTG WotC
Read more »
Tested: 2023 Hyundai Elantra N Channels Your Inner TeenagerWith customization options out the wazoo, this approachable sports sedan is a fun, frisky daily driver.
Read more »