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Beyond Meat Stock Plunges as Revenue Forecast Is Cut

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Beyond Meat shares tumbled 14% in early trading after the company slashed its forecast for revenue in the fiscal third quarter, citing operational problems linked to the Delta variant of Covid-19.

The maker of plant-based faux meat (ticker: BYND) was down to $93.58 after the company said Friday it expects net revenue for the quarter of about $106 million, compared with its prior forecast of $120 million to $140 million.

The…


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