What's Cooking At Beyond Meat? Q2 Earnings On The Table After The Close
Portfolio Pulse from Adam Eckert
Beyond Meat Inc (NASDAQ:BYND) is expected to report a Q2 loss of 81 cents per share on revenue of $111.28 million. The company has beaten estimates in the last two quarters after missing estimates in five straight prior quarters. Beyond Meat shares are down 7.50% ahead of the company's quarterly results. The company also provided full-year guidance, expecting revenues to be in the range of $375 million to $415 million.
August 07, 2023 | 3:54 pm
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Beyond Meat is expected to report a Q2 loss. The company's shares are down 7.50% ahead of the results. The company has provided full-year guidance, expecting revenues to be in the range of $375 million to $415 million.
The company's shares are trading lower ahead of its Q2 earnings report, indicating investor uncertainty. The expected Q2 loss could negatively impact the stock price in the short term. However, the company's full-year revenue guidance could provide some optimism for investors.
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