FIRST AIRED: June 7, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
shares of beyond meat surged as much as thirty six percent Friday investors hungrily responded to the alternative me companies first quarterly earnings report since as Wall Street debut beyond meat not only topped analysts' predictions this sales tripled in the first quarter it also forecast sales would more than double this year demand so strong beyond meat can hardly keep up with it but the company that makes plant based meet like products sold in more supermarkets restaurants and fast food chains is still losing money quarterly losses widened to six point six million dollars expectations were riding high heading into the company's first post IPO result the stock is up more than four hundred percent on that twenty five dollar IPO price the company now worth seven and a half billion dollars on Wall Street that's more than motorcycle company Harley Davidson travel website tripadvisor and humble department store giant Macy's