Beyond Meat introduces its Cookout Classic value pack.
Beyond Meat, a leading plant-based meat company, has launched its Cookout Classic value pack, providing customers with an affordable option for grilling season. The pack includes 10 plant-based burgers, making it easier to enjoy meat-free alternatives during summer cookouts.
Discover the latest news from these companies after the market closes:
Chegg — Chegg’s stock surged over 25% following the release of their quarterly results. The educational tech company reported second-quarter revenue of $183 million, surpassing the Refinitiv analysts’ estimate of $177 million.
Hims & Hers Health — Hims & Hers Health saw a 16% increase in their stock price after surpassing earnings expectations. The telehealth company reported a second-quarter loss of 3 cents per share on revenue of $208 million, outperforming the Refinitiv analysts’ forecast of a 5 cent loss per share and revenue of $205 million. Additionally, the company provided optimistic revenue guidance for the third quarter, with estimates ranging from $217 million to $222 million, while analysts predicted $214 million.
Paramount Global — After announcing better-than-expected earnings and revenue, Paramount Global’s stock rose nearly 4% during extended trading hours. The media conglomerate reported adjusted earnings of 10 cents per share and $7.62 billion in revenue for the second quarter, surpassing the Refinitiv analysts’ forecast of flat EPS and $7.43 billion in revenue.
Lucid — Lucid, the electric vehicle maker, experienced a 3% increase in its stock price. Despite reporting $150.9 million in revenue for the second quarter, lower than analysts’ estimate of $175 million, executives stated that the company’s $3 billion capital raise in May alleviated any concerns about capital for the next year.
International Flavors & Fragrances — Shares of International Flavors & Fragrances declined more than 19% after falling short of revenue expectations in the second quarter. The company reported $2.9 billion in revenue, while analysts polled by Refinitiv anticipated $3.07 billion in revenue.
Celanese — The materials stock of Celanese dropped nearly 3% after failing to meet both the top and bottom line expectations in the second quarter. Celanese reported adjusted earnings of $2.17 per share and $2.8 billion in revenue, lower than the FactSet forecast of $2.49 per share in earnings and $2.55 billion in revenue.
Beyond Meat — The stock of Beyond Meat, a popular plant-based meat supplier, plunged over 8% due to lower demand in the United States. The company reported an adjusted loss of 83 cents per share and $102.1 million in revenue for the second quarter, falling short of the Refinitiv analysts’ expectations of a loss of 86 cents per share and revenue of $108.4 million.
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