Beyond Meat (BYND) Prelim. Q3 Revenue Misses Consensus, Cuts FY Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/24/2026
- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Plug Power COO resigns to join another company
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- Wall Street ends down as oil prices, Treasury yields rise
Beyond Meat (BYND) cuts outlook as demand softness continues to bite
November 2, 2023 10:10 AM EDTBeyond Meat (NASDAQ: BYND) provided a profit warning for the third quarter and full year in a release of select Q3 results on Thursday, with sales weaker than expected during the quarter.
The company also revealed it is cutting 19% of its global, non-production workforce as it looks to reduce expenses, with an expected return to growth failing to occur.
The struggling plant-based food business now expects Q3 Gross profit to be a loss of approximately $7 million to $8 million, with revenue at... More
