Beyond Meat shares drop 19% on poor quarter, weak outlook

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Earnings Results

Last Updated: Nov. 10, 2021 astatine 8:22 p.m. ET First Published: Nov. 10, 2021 astatine 4:23 p.m. ET

Beyond Meat Inc. reported third-quarter results connected Wednesday.

Beyond Meat Inc.

There’s nary beauteous mode of putting it: Beyond Meat Inc.’s quarterly results could beryllium described arsenic dormant meat.

The company’s banal BYND was pummeled, falling astir 19% successful extended trading Wednesday, aft it reported a fiscal third-quarter nett nonaccomplishment of $54.8 million, oregon 87 cents a share, compared with a nett nonaccomplishment of $19.3 million, oregon 31 cents a share, successful the year-ago quarter. Adjusting for one-time losses, Beyond reported a nett nonaccomplishment of $36.8 million.

Revenue...

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