Stay updated with breaking news from பாதி முழு கண்ணாடி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Share: The plant-based meat provider Beyond Meat, Inc. (NASDAQ: BYND) served up a dismal Q1 earnings report yesterday, with a net loss was $27.3 million compared to net income of $1.8 million one year earlier and a gross profit of $32.7 million versus a $37.7 million figure from the previous year. Adjusted EBITDA was a loss of $10.8 million, or -10% of net revenues, compared to Adjusted EBITDA of $13.9 million, or 14.3% of net revenues, in Q1 2020. The company’s earnings were studied by a pair of analysts who offered very different conclusions based on the new data. Stephen’s Half-Full Glass: For Stephens & Co. analyst Mark Connelly, Beyond Meat’s Q1 results were good enough to warrant an Overweight rating and a $190 price target. ....