Beyond Meat stock slumps as revenue declines, Paramount Global shares rise, and other stocks on the move

Paramount Global shares PARA rose 4% as the media company’s adjusted earnings beat expectations and as it agreed to sell Simon & Schuster for $1.6 billion to KKR.Paramount Global shares PARA rose 4% as the media company’s adjusted earnings beat expectations and as it agreed to sell Simon & Schuster for $1.6 billion to KKR.

Shares of Kyndryl Holdings Inc. KD rallied more than 15% after the managed infrastructure-service company posted a surprise break-even quarter and forecast pretax profit this year. International Business Machines Corp. IBM spun off Kyndryl back in November. Canadian cannabis producer Tilray Brands Inc. TLRY on Monday said it had agreed to buy eight beer and drink brands from Anheuser-Busch InBev BUD . Shares of Tilray rose 11%.Shares of Beyond Meat Inc. BYND tumbled 16% following an earnings report that included a 30% drop in revenue year-over-year for the struggling maker of plant-based meat items.

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Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and moreThese are the stocks posting the largest moves in extended trading. Hims & Hers Health — Stock in the telehealth company climbed 16% after an earnings beat. Hims & Hers posted a second-quarter loss of 3 cents per share on revenue of $208 million. Analysts polled by Refinitiv called for a 5 cent loss per share and revenue of $205 million.
Source: CNBC - 🏆 12. / 72 Read more »

Beyond Meat Counters Meat Industry Attacks with Plant-Based FoodBeyond Meat is fighting back against attacks from the meat industry by highlighting the benefits of its plant-based proteins and emphasizing the clean and simple steps in its production process.
Source: BusinessInsider - 🏆 729. / 51 Read more »