Beyond Meat posted a loss of $1.05 per share for the fourth quarter of 2022. In the previous year there was still a minus of 1.27 US dollars per share certificate. Analysts had previously expected a loss of $1.181 per share.
The manufacturer of meat substitutes also had to accept a decline in sales. Revenues fell from $100.7 million in the previous year to $79.94 million now. The analyst estimates here had amounted to 75.8 million US dollars.
For the year as a whole, Beyond Meat also extended its losses. Here the minus in the fiscal year 2022 amounted to 5.75 US dollars per share. In the previous year, the loss had amounted to 2.88 US dollars per share. Experts had expected EPS of -$5.828.
Revenue fell to $418.93 million in 2022. In the previous year, the proceeds had amounted to 464.7 million US dollars. Analyst estimates previously forecast $414.8 million.
Here’s how Beyond Meat stock is reacting
In after-hours NASDAQ trading, Beyond Meat shares were temporarily up 14.29 percent at $19.59.
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