Beyond Meat, Inc (NASDAQ:BYND) was plummeting over 14% lower on Wednesday as the plant-based meat producer headed into its first-quarter earnings.
After Beyond Meat printed its fourth-quarter earnings miss on Feb. 24, the stock opened lower the following day and fell about 13% over the 11 trading days that followed. For that quarter, Beyond Meat reported a loss of 34 cents per share on revenues of $101.9 million, which missed the consensus estimate of a loss of 13 cents per share on revenues of $103.2 million.
