
Beyond Meat Inc (NASDAQ:BYND) shares are trading lower Thursday after the company reported worse-than-expected financial results.
Beyond Meat said first-quarter revenue increased 1.2% year-over-year to $109.45 million, which missed the estimate of $112.4 million, according to data from Benzinga Pro. The company reported a quarterly loss of $1.58 per share, which missed the estimate for a loss of $1.01 per share.