Beyond Meat turns to a profit

• Beyond Meat (NASDAQ:BYND) reports revenue jumped 250% to $92M in Q3.
• Gross profit came in at 35.6% sales vs. 19.2% a year ago off the sales leverage.
• Net income was $4.1M vs. -$9.3M a year ago.
• Adjusted EBITDA arrived at $11.0M vs. -$5.7M last year.
• Looking ahead, Beyond Meat anticipates FY19 revenue of $265M to $275M vs. $266M consensus and adjusted EBITDA of ~$20M.
• Shares of BYND are down 8.08% in AH trading, although the session is likely to be volatile.
• Previously: Beyond Meat EPS beats by $0.03, beats on revenue (Oct. 28)