Beyond Meat: Απογοητευτικό γ’3μηνο και -26% για την μετοχή

Beyond Meat: Απογοητευτικό γ’3μηνο και -26% για την μετοχή

  • Beyond Meat plunged in extended trading Monday after reporting third-quarter results that badly missed Wall Street estimates.
  • Beyond Meat’s partnership with McDonald’s to develop the McPlant burger wasn’t enough to keep shares from collapsing after the company posted third-quarter earnings that fell far below analysts’ expectations.

    The big miss sent shares tumbling nearly 29% in after markets closed Monday after reporting it generated $94.4 million in revenues and a loss of 28 cents per share versus the $132.8 million in revenue and 5 cents per share loss that analysts had expected.