Beyond Meat Posts Mixed Results; CRISPR Therapeutics Tops Estimates
- August 08th, 2023
- 467 views
Beyond Meat, Inc. (Nasdaq: BYND) has reported a second-quarter 2023 loss of $0.83 per share, slightly better than the consensus estimated loss of $0.86 per share. However, quarterly revenues of $102.10 million fell short of the analysts' projected $108.40 million mark.
The company has revised its full-year 2023 outlook, forecasting net revenues within the range of approximately $360 million to $380 million, down from the prior projection of $375 million to $415 million. The consensus estimate for the period stands at $388.04 million in revenue.
$BYND was trading at $13.49 in after-hours, showing a decrease of $1.79 (-11.71%)
In other news, CRISPR Therapeutics AG (Nasdaq: CRSP) has announced its second-quarter 2023 financial results, revealing a loss of $0.98 per share and revenues of $70.0 million. These figures surpassed market consensus estimates, which had anticipated a loss of $2.12 per share on revenue of $1.71 million.
In after-hours, $CRSP was trading at $49.10, up $0.76 (+1.57%).
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