EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Tuesday reported fourth-quarter net income of $317.9 million, after reporting a loss in the same period a year earlier.
The El Segundo, California-based company said it had net loss of 29 cents per share.
The plant-based meat company posted revenue of $61.6 million in the period.
For the year, the company reported net income of $178.7 million, or $1.86 per share, swinging to a profit in the period. Revenue was reported as $275.5 million.
For the current quarter ending in March, Beyond Meat said it expects revenue in the range of $57 million to $59 million.
In the final minutes of trading on Tuesday, the company’s shares hit 70 cents. A year ago, they were trading at $3.05.
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