|Bid||95.60 x 3200|
|Ask||95.00 x 1400|
|Day's Range||91.55 - 97.50|
|52 Week Range||91.55 - 221.00|
|Beta (5Y Monthly)||1.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2021 - Nov 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||111.08|
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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.
The shares of Beyond Meat are down by roughly 14% over the past 24 hours after the company lowered its third-quarter revenue outlook following some operational setbacks.
Shares of Beyond Meat Inc. shares slid 14% Friday toward their lowest level since April of 2020, after the maker of plant-based substitute meat products issued a revenue warning for the third quarter, citing a range of issues including the highly transmissible delta variant of the coronavirus.