Beyond Meat Shares Fall After Disappointing Forecast

Beyond Meat Inc.’s revenue forecast for the fourth quarter was well short of Wall Street expectations, citing pandemic-related uncertainty and its potential impact on retail and food-service demand levels.

Shares of the company, which focuses on plant-based meat substitutes, fell about 19% to $76.80 in after-hours trading. Through Wednesday’s close, the stock was down 24% so far this year.