Earnings

Beyond Meat revenue tripled, but shares fall as losses return

A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019.

Jason Lee | Reuters

Beyond Meat on Thursday reported quarterly revenue that topped analysts’ expectations.

Shares of the company fell 4% in extended trading.

Beyond reported fiscal fourth-quarter net loss of $0.5 million, or 1 cent per share, narrowing its loss of $7.5 million, or $1.10 per share, a year earlier.

Net sales rose 212% to $98.5 million, topping expectations of $79.5 million.

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