Beyond Meat shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat's shares are trading lower following the company's Q2 financial results, which were below expectations. The company also issued FY23 revenue guidance that was lower than estimates.
August 08, 2023 | 12:45 pm
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Beyond Meat's stock is trading lower due to worse-than-expected Q2 results and lower FY23 revenue guidance.
Beyond Meat's Q2 financial results were below expectations, which is a negative signal to investors. Additionally, the company's FY23 revenue guidance was lower than estimates, which could indicate potential future challenges. These factors are likely to negatively impact the stock's price in the short term.
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