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Beyond Meat's stock plunged to $1.275 on weak earnings, a revenue drop, and a securities probe.
Beyond Meat's stock dropped to $1.33 amid a 4.3% decline, hitting a low of $1.2750, as analysts downgraded the company to "Strong Sell" and projected a full-year loss of $2.10 per share.
The decline followed a quarterly loss of $0.43 per share, missing estimates, and a 19.5% year-over-year revenue drop to $74.96 million.
The company delayed its Q3 earnings report and faces a securities investigation over potential disclosure issues, contributing to investor concerns.
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Las acciones de Beyond Meat se desplomaron a 1.275 dólares debido a ganancias débiles, una caída de ingresos y una investigación de valores.