$BYND  - BEYOND MEAT STOCK JUMPS ON STRONG Q3 PREVIEW
Beyond Meat shares rose 7% after the company said preliminary Q3 revenue will be about $70 million, topping estimates of $68.7 million. Gross margin is expected at 10–11% (or 12–13% excluding China-related costs).
The stock has swung wildly this week, briefly surging over 1,000% to $7.69 before retreating to around $3.00. Beyond Meat also expects a non-cash impairment charge and operating expenses of $41–43 million.
From X
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