Beyond Meat lost more money in second quarter than expected
Beyond Meat reported second-quarter earnings showing the company losing more money than analysts expected. Shares of the plant-based meat company plummeted more than 13% after the newly public firm released its results. The company did generate more sales than expected though, says Business Insider. Beyond Meat now expects revenues to exceed $240 million and to be profitable by year-end. The company also announced plans to sell more than 3 million additional shares.