EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $33.2 million in its second quarter.
On a per-share basis, the El Segundo, California-based company said it had a loss of 43 cents.
The plant-based meat company posted revenue of $75 million in the period.
For the current quarter ending in September, Beyond Meat said it expects revenue in the range of $68 million to $73 million.
In the final minutes of trading on Wednesday, the company’s shares hit $2.92. A year ago, they were trading at $5.30.
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