Sam Boughedda

Investing.com — Beyond Meat Inc (NASDAQ: An announcement of a loss of 87c per share on $106.4 million in revenue was made The analysts polled Investing.comOn revenue of $110.18million, a 39c loss per share was expected.

The report has been met with negative reactions from investors. Beyond Meat shares fell over 15% during after-hours trades.

Our third quarter results show variability, as we experienced a decrease in net revenue from record levels just one quarter prior. Ethan Brown (President and CEO of Beyond Meat) commented, “Despite the current disruptions,”

He continued: “Although we see continued uncertainty for the balance of this year, we look to 2022 with enthusiasm as we expect to bring to life, together with our strategic partners, product and production capacity that we’ve been steadfastly investing in throughout the pandemic.”

In the future, analysts expect Q4 net revenue of between $85m and $110m.

According to the plant-based meat manufacturer, its operating environment is still affected by Covid-19’s potential effects on labor availability, demand and supply chain disruptions. The company warned that its operating results might differ significantly from what was expected if Covid-19 assumptions are wrong or the Covid-19 effects do not occur.