EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Monday reported a loss of $110.7 million in its third quarter.
The El Segundo, California-based company said it had a loss of $1.44 per share. Losses, adjusted for one-time gains and costs, came to 47 cents per share.
The plant-based meat company posted revenue of $70.2 million in the period.
For the current quarter ending in December, Beyond Meat said it expects revenue in the range of $60 million to $65 million.
In the final minutes of trading on Monday, the company’s shares hit $1.34. A year ago, they were trading at $5.37.
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