The plant-based meat producer's revenue declined 2% year over year to $147 million, missing analysts' estimates by $2 million. Beyond Meat isn't down for the count, but major setbacks have made it an easy target for the short sellers.
Yahoo Finance Live looks at Beyond Meat's stock following the organic protein producer's latest earnings report and cuts to revenue and jobs.
What happened Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) skyrocketed on Friday despite the disappointing numbers it put up for the second quarter. The broader market was trading lower during the session, analysts cut their price targets for Beyond Meat stock, and the company announced layoffs.