(Bloomberg) — Beyond Meat Inc. shares reversed earlier gains and fell in spite of revenue that blew past analyst estimates — a sign investors may be looking for more than rapid sales growth from the faux meat maker.The company’s fourth-quarter sales of $98.5 million exceeded the highest analyst projection and helped push full-year revenue beyond expectations to $297.9 million. Beyond Meat forecast 2020 sales of $490 million to $510 million, also beating the average analyst estimate.Chief Executive Officer Ethan Brown said the company is “only scratching the surface” of the U.S. restaurant market, but investors may be impatient for a …read more
Source:: Yahoo Finance
