Beyond Q3 2024 Adj EPS $(0.96) Misses $(0.70) Estimate, Sales $311.43M Miss $352.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beyond Meat (NYSE:BYON) reported Q3 2024 earnings with a larger-than-expected loss of $(0.96) per share, missing the $(0.70) estimate. Sales also fell short at $311.43M, below the $352.82M estimate, marking a 16.58% decline from last year.
October 24, 2024 | 11:03 am
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Beyond Meat's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with a notable year-over-year sales decline.
Beyond Meat's reported EPS of $(0.96) was significantly below the expected $(0.70), indicating worse-than-expected financial performance. Additionally, sales of $311.43M missed the $352.82M estimate and showed a 16.58% decline from the previous year, suggesting challenges in revenue generation. These factors are likely to negatively impact the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100