Beyond Meat Stock Pops 19% on a Sizzling Earnings Beat
Beyond Meat (NASDAQ: BYND), the leading maker of plant-based meat substitutes, reported strong first-quarter 2020 results after the market closed on Tuesday.
Shares of the widely followed stock, which became publicly traded in May 2019, are up a whopping 18.9% at 11:56 a.m. EDT on Wednesday.
We can attribute the stock's surge to revenue and earnings crushing Wall Street consensus estimates. Moreover, the company also posted a surprise profit, which surely delighted investors.
Source Fool.com
