Beyond Meat triples quarterly revenue, but shares fall

[tacobell fan]

Beyond Meat on Thursday reported quarterly revenue that topped analysts’ expectations.

Shares of the company fell 4% in extended trading.

Beyond reported fiscal fourth-quarter net loss of $0.5 million, or 1 cent per share, narrowing its loss of $7.5 million, or $1.10 per share, a year earlier.

Net sales rose 212% to $98.5 million, topping expectations of $79.5 million.

[Anta Assamey]