Beyond Meat Q3 2023 EPS $(1.09) Misses $(0.89) Estimate, Revenue $75.3M Misses $85.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat reported Q3 2023 earnings per share (EPS) of $(1.09), missing the estimate of $(0.89). The company's revenue of $75.3M also fell short of the $85.37M estimate.
November 08, 2023 | 9:13 pm
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NEGATIVE IMPACT
Beyond Meat's Q3 2023 earnings and revenue both missed estimates, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. Beyond Meat's missed earnings and revenue estimates could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100