Beyond Meat stock soared after the maker of plant-based burgers beat expectations in its first earnings report since its IPO and issued a rosy sales forecast.
Beyond Meat Inc. shares soared late Thursday after the maker of plant-based burgers beat Wall Street’s expectations in its first earnings report since its initial public offering in May and issued a rosy sales forecast.
Adjusted for stock-based compensation costs and other items, the company lost 14 cents a share. That was better than the 15-cent loss analysts had forecast, according to FactSet. It also said sales would exceed $210 million this year, beating analysts’ estimate of about $205 million. Ten-year-old Beyond Meat burst into the spotlight last month with its successful IPO. Its shares jumped 163% in the first day of trading, the biggest first-day pop since 2015, according to Renaissance Capital. Beyond Meat is now valued at nearly $6 billion.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Beyond Meat stock soars after first quarterly report since IPOBeyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
Weiterlesen »
Beyond Meat sees sales more than doubling in 2019, shares jump 21%Beyond Meat Inc, a maker of plant-based burgers and sausages, said it expects to...
Weiterlesen »
Beyond Meat stock soars after first earnings reportBeyond Meat could extend its rally, with shares of the maker of meat alternatives surging in after-hours trading Thursday after the company delivered an...
Weiterlesen »
Focus: Beyond Meat's home in the meat aisle sparks food fightIn a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc ...
Weiterlesen »
Beyond Meat will report earnings after the bell for the first time since going publicBeyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price.
Weiterlesen »
Stocks making the biggest moves after hours: Beyond Meat, Zoom Video, DocuSign and moreSee which stocks are posting big moves after the bell on Thursday, June 6.
Weiterlesen »