FX.co ★ Beyond Meat, Inc. Q3 Loss Decreases, Beats Estimates

Beyond Meat, Inc. (BYND) has announced its third-quarter financial results, demonstrating a reduction in losses compared to the previous year, exceeding Wall Street's forecasts.

The company's net loss was reported at $26.6 million, equating to a loss of $0.41 per share. This marks a significant improvement from last year's third-quarter figures, which saw a net loss of $70.5 million, or $1.09 per share.

According to data from Thomson Reuters, analysts had, on average, anticipated a loss of $0.44 per share. It is important to note that these projections generally exclude any special items.

The company's revenue for the quarter increased by 7.6%, reaching $81.0 million, compared to $75.3 million in the same period last year.

Here is a quick overview of Beyond Meat, Inc.'s financial performance under Generally Accepted Accounting Principles (GAAP) for the third quarter:

- Earnings: -$26.6 million versus -$70.5 million last year

- Earnings Per Share: -$0.41 versus -$1.09 last year

- Revenue: $81.0 million versus $75.3 million last year

In terms of future expectations, Beyond Meat, Inc. has set its full-year revenue guidance to a range of $320 to $330 million.