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Beyond Meat Inc. (NASDAQ:BYND) shares are trending on Thursday.
On Thursday, BYND edged lower by 0.85% in pre-market trading to $0.6150 after fourth-quarter earnings missed estimates by 163.64%, marking its fifth consecutive EPS miss, while first-quarter guidance came in well below expectations.
The plant-based protein maker reported an adjusted loss of 29 cents per share against a consensus estimate of an 11-cent loss.
Beyond Meat also reported revenue of $61.59 million, missing the $62 million estimate and declining 19.7% year over year.
The company forecast …
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