Beyond Meat Lost More Money In Second Quarter Than Expected

Beyond Meat Lost More Money In Second Quarter Than Expected

Beyond Meat reported second-quarter earnings showing the company losing more money than analysts expected. Shares of the plant-based meat company plummeted more than 13 after the newly public firm released its results. The company did generate more sales than expected though, says Business Insider. Beyond Meat now expects revenues to exceed $240 million and to be profitable by year-end. The company also announced plans to sell more than 3 million additional shares.


User: Entertainment (now)

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Uploaded: 2019-07-31

Duration: 00:33