Beyond Meat: 1Q Earnings Snapshot
EL SEGUNDO, Calif. (AP) _ Beyond Meat Inc. (BYND) on Tuesday reported first-quarter net income of $1.8 million, after reporting a loss in the same period a year earlier.
The El Segundo, California-based company said it had profit of 3 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The plant-based meat company posted revenue of $97.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $93.9 million.
Beyond Meat shares have increased 32% since the beginning of the year.
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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
