US Stock Movement | Beyond Meat is back! Stock price surged over 23%
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The stock price of Beyond Meat in the US market rose over 23%, closing at $2.22. The company expects third-quarter revenue of approximately $70 million, slightly above analysts' expectations, but a 13% decline compared to the same period last year. The gross margin is expected to be between 10% and 11%, with operating expenses in the range of $41 million to $43 million. Analyst Peter Saleh stated that the persistently low gross margin and high operating expenses may suppress profitability, maintaining a wait-and-see stance
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