EL SEGUNDO, Calif. (AP) _ Beyond Meat Inc. (BYND) on Thursday reported a loss of $452,000 in its fourth quarter.
The El Segundo, California-based company said it had a loss of 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The plant-based meat company posted revenue of $98.5 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $81.7 million.
For the year, the company reported a loss of $12.4 million, or 29 cents per share. Revenue was reported as $297.9 million.
Beyond Meat expects full-year revenue in the range of $490 million to $510 million.
Beyond Meat shares have risen 40% since the beginning of the year.
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
Automated Insights, source Associated Press News