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Beyond Meat Inc (NASDAQ:BYND) reported fourth-quarter financial results after the market close on Tuesday. Here’s a rundown of the plant-based meat company’s report.
- Beyond Meat stock is seeing increased attention. Why is BYND stock trending?
Beyond Meats Misses Analyst Revenue Estimates, More
Beyond Meat reported fourth-quarter revenue of $61.59 million, missing analyst estimates of $62.57 million, according to Benzinga Pro. The company reported an adjusted loss of 29 cents for the quarter, missing estimates for a loss of 13 cents.
Total revenue was down 19.7% year-over-year, primarily driven by a 22.4% decrease in volume of products sold due to weak category demand and lower sales of chicken and burger …
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