{"id":82424,"date":"2023-11-09T04:02:43","date_gmt":"2023-11-09T09:02:43","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/beyond-meat-reports-narrowing-loss-but-declining-sales\/"},"modified":"2023-11-09T04:02:46","modified_gmt":"2023-11-09T09:02:46","slug":"beyond-meat-reports-narrowing-loss-but-declining-sales","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82424","title":{"rendered":"Beyond Meat reports narrowing loss but declining sales"},"content":{"rendered":"
\n

Beyond Meat Inc.\u2019s
\n BYND,
\n -5.02%<\/bg-quote>
\n stock was flat in after-hours trading Wednesday after the fake-meat maker posted quarterly results that topped analyst revenue and earnings estimates. Beyond Meat reported a fiscal third-quarter net loss of $70.5 million, or $1.09 a share, compared with a net loss of $101.7 million, or $1.60 a share, in the same quarter last year. Revenue declined 9% to $75.3 million. Analysts surveyed by FactSet had expected on average a net loss of 89 cents a share on revenue of $86.5 million. Beyond executives project annual revenue of between $330 million and $340 million; FactSet analysts were expecting $361.5 million. Shares of Beyond Meat have plummeted 46% this year, while the broader S&P 500 index
\n SPX,
\n +0.10%<\/bg-quote>
\n has advanced 14%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beyond Meat Inc.\u2019s BYND, -5.02% stock was flat in after-hours trading Wednesday after the fake-meat maker posted quarterly results that topped analyst revenue and earnings estimates. Beyond Meat reported a fiscal third-quarter net loss of $70.5 million, or $1.09 a share, compared with a net loss of $101.7 million, or $1.60 a share, in the […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-82424","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBeyond Meat reports narrowing loss but declining sales | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Beyond Meat Inc.\u2019s BYND, -5.02% stock was flat in after-hours trading Wednesday after the fake-meat maker posted quarterly results that topped analyst\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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