What's Going On With Beyond Meat Shares Monday?

Benzinga

Beyond Meat fell after posting a wider Q3 loss even as revenue beat expectations. The company issued weak Q4 sales guidance, leaving the stock near key support and trading just above its 52-week low after a steep year-to-date decline.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Beyond Meat shares fell Monday after third quarter results showed an adjusted loss of

00:0647 cents per share that missed estimates and revenue of $70.21 million that came in above

00:12expectations. The company projected fourth quarter sales of $60 million to $65 million

00:18versus the consensus estimate of $70.03 million, according to Benzinga. The stock price is

00:26hovering just above key support levels as it trades near its 52-week low after falling

00:3073.4% year-to-date. Shares were down 2.78% on Monday, according to Benzinga Pro.

00:37For all things money, visit Benzinga.com.

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