EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported second-quarter net income of $16.4 million, after reporting a loss in the same period a year earlier.
The El Segundo, California-based company said it had net loss of 6 cents per share. Losses, adjusted to extinguish debt and for non-recurring gains, came to 9 cents per share.
The plant-based meat company posted revenue of $68.8 million in the period.
For the current quarter ending in September, Beyond Meat said it expects revenue in the range of $60 million to $65 million.
In the final minutes of trading on Wednesday, the company’s shares hit 61 cents. A year ago, they were trading at $3.10.
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