Beyond Meat, Inc. Q1 Loss Decreases, but misses estimates

Beyond Meat, Inc. (BYND) reported Loss for its first quarter that increased from last year and missed the Street estimates.

The company's earnings totaled -$100.46 million, or -$1.58 per share. This compares with -$27.27 million, or -$0.43 per share, in last year's first quarter.

Excluding items, Beyond Meat, Inc. reported adjusted earnings of -$100.46 million or -$1.58 per share for the period.

Analysts on average had expected the company to earn -$1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $109.46 million from $108.16 million last year.

Beyond Meat, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$100.46 Mln. vs. -$27.27 Mln. last year.
-EPS (Q1): -$1.58 vs. -$0.43 last year.
-Analyst Estimate: -$1.01
-Revenue (Q1): $109.46 Mln vs. $108.16 Mln last year.

Full year revenue guidance: $560 - $620 Mln

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