Investing.com - Beyond Meat (NASDAQ:BYND) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Beyond Meat announced earnings per share of $-1.60 on revenue of $82.5M. Analysts polled by Investing.com anticipated EPS of $-1.13 on revenue of $114.27M.
Beyond Meat shares are down 19% from the beginning of the year and are trading at $11.80 , down-from-52-week-high.
Beyond Meat shares lost 0.17% in after-hours trade the report.
Beyond Meat follows other major Consumer Staples sector earnings this month
Beyond Meat's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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