Beyond Meat (BYND) – Beyond Meat lost 42 cents per share for the first quarter, more than double the 19 cents per share loss that analysts had expected. Revenue also missed forecasts, with the company saying the pandemic has dampened both retail and restaurant demand. Shares tumbled 7.1% in the premarket.
Peloton (PTON) – Peloton said it would take a current-quarter hit of $165 million for the recently announced recall of its treadmills, and it also cut its sales and profit forecast for the current fiscal year ending June 30. The fitness equipment maker reported a smaller-than-expected loss for its most recent quarter, as well as beating analysts’ revenue forecasts. Peloton shares jumped 5.9% in the premarket.
