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Market Incident

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AI compiled from Infoway · 3 analyzed stories

Beyond Meat, Inc. reports results for the quarter ended September 30 - Earnings Summary

Beyond Meat reported an adjusted loss of $2.21 per share for the quarter ended September 30, compared with a larger loss a year earlier and an analyst expectation of a $1.98 loss. Revenue fell 8.1% to $64.53 million, above analysts’ $62.01 million estimate, while the company reported a $42.24 million quarterly loss.

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What happened

Beyond Meat reported a $42.24 million loss for the quarter ended September 30. Its adjusted loss was $2.21 per share, smaller than a year earlier but larger than analysts expected. Revenue fell 8.1% to $64.53 million, above analysts’ estimate. A separate headline reported a $4.32 loss per share.

Global impact / market context

The results were mixed: revenue beat analysts’ estimate, but sales fell and the adjusted loss was larger than expected. These figures show pressure on the company’s results, but the supplied information does not explain the causes or give an outlook.

What to watch

  1. Check the company’s next reported revenue, to see whether the sales decline continues.
  2. Check the next adjusted loss per share, to see whether the loss narrows or widens.
  3. Check whether the company explains the difference between the reported $4.32 loss and the $2.21 adjusted loss, since the supplied information does not explain it.

Affected assets

  • Beyond Meat, Inc.

Evidence