WASHINGTON (dpa-AFX) - Beyond Meat, Inc. (BYND) released Loss for its fourth quarter that increased from last year and missed the Street estimates.
The company's bottom line totaled -$155.11 million, or -$2.40 per share. This compares with -$66.87 million, or -$1.05 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.8% to $73.68 million from $79.94 million last year.
Beyond Meat, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$155.11 Mln. vs. -$66.87 Mln. last year. -EPS (Q4): -$2.40 vs. -$1.05 last year. -Analyst Estimate: -$0.88 -Revenue (Q4): $73.68 Mln vs. $79.94 Mln last year.
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