=Beyond Meat (BYND) reported earnings on Mon 28 Oct 19 (a/h)

Beyond Meat beats by $0.02, beats on revs; guides FY19 revs above consensus; as expected, reports a quarterly profit for first time ever

Reports Q3 (Sep) earnings of $0.06 per share, $0.02 better than the S&P Capital IQ Consensus of $0.04; revenues rose 250.0% year/year to $91.96 mln vs the $83.35 mln S&P Capital IQ Consensus.

• Adjusted EBITDA jumped to $11.0 mln from $(5.7) mln loss last year.

Co issues upside guidance for FY19, sees FY19 revs of $265-275 mln vs. $266.63 mln S&P Capital IQ Consensus and vs prior guidance of above $240 mln.

• "We are very pleased with our third quarter results which reflect continued momentum across our business and mark an important milestone as we achieved our first ever quarter of net income."