Investing.com - Beyond Meat reported mixed second-quarter results Monday, with a loss that was wider than expected, but sales that were much stronger than forecasts.
The company also boosted its full-year sales guidance.
Shares of Beyond Meat (NASDAQ:BYND) fell 10% in postmarket trading as investors focused on the bottom-line results, extending losses during the regular session. The red-hot stock is up more than 800% since its IPO.
Beyond Meat reported a quarterly loss of 24 cents per share, wider than the 8 cents per share analysts predicted, according to forecasts compiled by Investing.com.
Sales were $67.3 million well ahead of the consensus of $48.29 million.
Looking ahead, Beyond Meat predicts full-year sales of $240 million, up from its previous guidance of about $210 million and ahead of Wall Street expectations of around $220 million.