Beyond Meat: Q4 Earnings Snapshot

EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Tuesday reported a loss of $155.1 million in its fourth quarter.

The El Segundo, California-based company said it had a loss of $2.40 per share. Losses, adjusted for non-recurring costs, came to 92 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share.

The plant-based meat company posted revenue of $73.7 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $68.4 million.

For the year, the company reported that its loss narrowed to $338.1 million, or $5.26 per share. Revenue was reported as $343.4 million.

Beyond Meat expects full-year revenue in the range of $315 million to $345 million.

Beyond Meat shares have decreased 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.52, a decline of 60% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYND at https://www.zacks.com/ap/BYND