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Beyond Meat plummets 20% on sharp 3rd-quarter earnings miss and weak sales outlook

23 days ago   |   By Business Insider

REUTERS/Jason Lee
Beyond Meat shares tumbled 20% Thursday following weak earnings and lowered guidance.
Its third-quarter loss of $0.87 a share was wider than the FactSet estimate of $0.37 a share.
The fourth-quarter sales view of as much as $110 million was far below an estimated $131 million.
Beyond Meat shares sank to their lowest price in more than a year Thursday after the company issued a weak sales outlook and posted a wider loss for the third quarter which was marked by higher costs. Its loss in the quarter came in at $0.87 per share, wider than the FactSet estimate of a loss of...
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