U.S. stock market anomaly | Q3 loss expands, Beyond Meat (BYND.US) fell over 9% at one point

According to the Wise Finance APP, on Tuesday, the stock price of Beyond Meat (BYND.US) dropped more than 9% at one point. As of the time of writing, the stock price has narrowed its decline to 2.15% at $1.32 per share. Beyond Meat's net revenue in the third quarter decreased by 13.3% year-over-year to $70.2 million, slightly higher than the analyst average expectation of $69 million. The company's loss widened to $110.7 million, attributed to asset impairment losses and the earlier suspension of operations in China, resulting in a loss of 47 cents per share, below analysts' expectations of a loss of 31 cents per share. The company expects fourth-quarter revenue to be between $60 million and $65 million, lower than the market's expectation of $70.3 million.