Beyond Meat shares blast higher after company posts smaller loss

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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’

 

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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

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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 !!!!!!!!
Source: MarketWatch - 🏆 3. / 97 Read more »