Australia markets closed
  • ALL ORDS

    7,536.10
    -21.70 (-0.29%)
     
  • AUD/USD

    0.7096
    -0.0012 (-0.17%)
     
  • ASX 200

    7,225.20
    -10.70 (-0.15%)
     
  • OIL

    65.95
    +0.38 (+0.58%)
     
  • GOLD

    1,780.50
    -3.80 (-0.21%)
     
  • BTC-AUD

    79,637.70
    -1,523.19 (-1.88%)
     
  • CMC Crypto 200

    1,441.87
    -27.21 (-1.85%)
     

Why Beyond Meat Stock Went Down in Flames on Friday

·2-min read
Why Beyond Meat Stock Went Down in Flames on Friday
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

The maker of plant-based meat substitutes released preliminary results for the third quarter, warning that its growth would fall far short of its forecast. Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. This marks a sharp deceleration from the company's recent growth rate.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting