Beyond Meat stock dips despite big sales increase
July 30, 2019
Beyond Meat, which has seen its share price rise to around $205 since launching its initial public offering at $25, saw its stock fall 14 percent on news that its earnings per share fell 24 cents during the second quarter. Analysts were expecting an eight-cent decline. Beyond Meat reported a 287 percent increase in year-over-year net revenue for the period.
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