WASHINGTON (dpa-AFX) - Beyond Meat, Inc. (BYND) reported Loss for third quarter that decreased from last year and beat the Street estimates.
The company's bottom line came in at -$26.6 million, or -$0.41 per share. This compares with -$70.5 million, or -$1.09 per share, in last year's third quarter.
Analysts on average had expected the company to earn -$0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.6% to $81.0 million from $75.3 million last year.
Beyond Meat, Inc. earnings at a glance (GAAP) :
-Earnings (Q3): -$26.6 Mln. vs. -$70.5 Mln. last year. -EPS (Q3): -$0.41 vs. -$1.09 last year. -Revenue (Q3): $81.0 Mln vs. $75.3 Mln last year.
-Guidance: Full year revenue guidance: $320-$330 mln
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