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EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $52.9 million in its first quarter.
The El Segundo, California-based company said it had a loss of 69 cents per share. Losses, adjusted for non-recurring costs, were 67 cents per share.
The plant-based meat company posted revenue of $68.7 million in the period.
For the current quarter ending in June, Beyond Meat said it expects revenue in the range of $80 million to $85 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.54. A year ago, they were trading at $8.28.
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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