Urban Outfitters (URBN) shares fall in after-hours trading after missing fourth-quarter earnings estimates on the bottom line. Bumble (BMBL) stock moves lower after missing on fourth-quarter revenue and first-quarter outlook estimates. Beyond Meat (BYND) skyrockets after topping fourth-quarter revenue expectations. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Beyond Meat reported higher-than-expected sales in the fourth quarter despite weak U.S. demand. Beyond Meat said its U.S. sales fell 23.5% during the quarter. Grocery sales were down despite lower prices, the company said, and restaurant demand also fell.
Comprehensive Earnings Summary for Q4 and Full Year 2023