Beyond Meat shares blast higher after company posts smaller loss

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Plant-based protein maker Beyond Meat saw its stock surge more than 22% Friday morning, after showing it trimmed its losses in the fourth quarter with cost-cutting efforts.

surged as much as 33% Friday after the plant-based protein maker reported a smaller loss in the fourth quarter compared to a year earlier, indicating the company's cost-cutting efforts are working. as part of a plan to reach positive cash flow within the second half of 2023, showed Thursday it is making progress toward that aim.

Beyond Meat posted a $66.9 million net loss for the last three months of 2022, or $1.05 per share, down from $80.4 million the same quarter a year prior. Analysts had expected a steeper loss of $1.18 per share.IMPOSSIBLE FOODS CEO CHEWS OUT BLOOMBERG ARTICLE ARGUING FAKE MEAT IS JUST A ‘FAD’

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Who eats that crap. It's nasty.

The label “beyond meat” is terrible. Bad marketing. People like meat so associate with it as a better alternative. “Better than Meat” BeyondMeat BillyM2k

🤮

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 458. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Beyond Meat's stock pops on better-than-expected sales, earningsThe fake meat industry may be lacking teeth of late, but investors rewarded Beyond Meat Inc.'s stock on Thursday, promptly propelling it 16% in extended... Their product is HORRIBLE !!!!!!!!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »