Beyond Meat (BYND.US) delays the release of its Q3 financial report to evaluate significant impairment losses, causing a pre-market drop of 8%.

The plant-based meat company Beyond Meat (BYND.US) announced that it will delay the release of its third-quarter earnings report to quantify an impairment loss. After the news was released, the company's stock fell 11% in pre-market trading on Monday. As of the time of writing, the stock was down 8% in pre-market trading. The third-quarter earnings report, originally scheduled to be released on November 4th, is now expected to be delayed until after the stock market closes on November 11th. The impairment loss is related to certain long-term assets. Although the company expects this loss to have a "significant" impact on their third-quarter performance, they are currently unable to quantify the specific amount and need additional time, resources, and effort to complete the assessment.