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EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $70.5 million in its third quarter.
The El Segundo, California-based company said it had a loss of $1.09 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share.
The plant-based meat company posted revenue of $75.3 million in the period.
Beyond Meat shares have declined 46% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.62, a fall of 49% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BYND at https://www.zacks.com/ap/BYND