EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $34.5 million in its second quarter.
The El Segundo, California-based company said it had a loss of 53 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The plant-based meat company posted revenue of $93.2 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $89.3 million.
Beyond Meat expects full-year revenue in the range of $320 million to $340 million.
Beyond Meat shares have fallen 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.24, a drop of 66% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYND at https://www.zacks.com/ap/BYND
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