Beyond Meat said Monday it turned into a loss in the third quarter after the coronavirus pandemic dampened restaurants’ demand for meat alternatives
This is what the company reported compared to what Wall Street was expecting, based on a survey of analysts by Refinitiv:
After announcing a fiscal third-quarter net loss of $ 19 3 million, or 31 cents a share, down from net income of $ 4 million, or 7 cents a share, a year ago
Excluding items, the company lost 28 cents a share, losing 5 cents a share dividend predicted by analysts in a Refinitiv poll
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Beyond Meat and Stock
World News – United States – Beyond Meat shares in stocks as Coronavirus weakens demand for vegetarian meat in restaurants
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SOURCE: https://www.w24news.com
