Home > Beyond Meat Drops 22%

Business
Beyond Meat Drops 22%

Description

On Tuesday, shares of Beyond Meat plunged 22%. The drop came after the company reported a large revenue miss and slow sales growth in the third quarter. Beyond Meat reported net revenues of $94.4 million vs. $132.8 million expected by Wall Street. There was a loss per share of 28 cents versus the estimated earnings per share of five cents. CEO Ken Goldman attributed the third quarter loss to consumers "freezer loading" in the second quarter during the pandemic. Analysts at JPMorgan said it's unclear why Beyond Meat is floundering. Investors were also confused about the scope of Beyond Meat's collaboration with McDonald's in launching the new "McPlant."

Added on the 10/11/2020 10:36:00 - Copyright : Wochit

To customise your video :

Generic export code

More videos on the subject

Bolivia's municipal investment in gender equality drops by 22.5% due to pandemic

La Paz, Oct 14 (EFE).- Municipal budgets for investments in gender equality and equity in Bolivia were reduced in 2020 as a result of the Covid-19 pandemic, with a decrease of 22.5 percent compared to the previous year, according to a study presented Thursday in the Bolivian capital.The data is reflected in the Investment Ranking for Gender Equality and Equity (IIEG) collected by the Gregoria Apaza Women's Promotion Center, the Colectivo Rebeldía, the Women's Coordinator, the Integral Women's Training Institute and Oxfam with funding of the Government of Canada. (Camera: GINA BALDIVIESO).B-ROLL OF THE PRESENTATION OF THE INVESTMENT RANKING FOR GENDER EQUALITY AND EQUITY (IIEG) DATA IN LA PAZ, BOLIVIA.

15/10/2021 - EFE Inglés
Participation in French regionals drops to 12.22% at noon

Paris, Jun 20 (EFE/EPA).- (Camera: Christophe Petit-Tesson) France on Sunday holds the first round of regional elections that could have implications for the presidential polls scheduled next year.Some 48 million people are eligible to vote to renew regional and departmental assemblies in 13 regions of France and five overseas territories.FOOTAGE OF VOTING IN PARIS.

20/06/2021 - EFE Inglés
Stellantis Spotlight March 22, 2024

"Stellantis Spotlight" is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending March 15, 2024, include new Fiat 500e drops, another sneak peek at what’s coming to this year’s Easter Jeep Safari and the vehicle reveal for the Battery Workforce Challenge.

25/03/2024 - Auto Moto EN
US drops aid into war-torn Gaza

Parachutes containing humanitarian aid fall from the sky after an airdrop in Rafah. On Saturday, the United States carried out its first operation to drop humanitarian aid into the Gaza Strip, which the UN says is under threat of famine as the war between Israel and Hamas continues. IMAGES

02/03/2024 - AFPTV - First images
Israeli army drops leaflets in Rafah bearing portraits of hostages

Leaflets released by the Israeli army fall in the southern Gazan city of Rafah bearing pictures of the remaining hostages held by Hamas in the Palestinian enclave, calling on Gazans to share any information on them. Militants seized about 250 hostages during the October 7 attacks, around 132 of whom Israel says remain in Gaza. At least 27 hostages are believed to have been killed, according to an AFP tally based on Israeli figures. IMAGES

20/01/2024 - AFPTV - First images