Beyond Meat Stock Trending—Edges Lower In Pre-Market Amid Earnings Miss, Weak Q1 Guidance

Beyond Meat Inc. (NASDAQ: BYND) shares fell 0.85% in pre-market trading to $0.6150 following a fourth-quarter earnings miss of 163.64%, marking its fifth consecutive EPS miss with an adjusted loss of 29 cents per share against an expected 11-cent loss. The company reported revenue of $61.59 million, below the $62 million estimate and down 19.7% year-over-year, while first-quarter revenue guidance of $57 million to $59 million also missed the $65.25 million analyst estimate. Beyond Meat's market capitalization is currently $282.04 million, with the stock down 79.92% over the past 12 months.