Why Is Above Food Stock Falling Today?

Benzinga2025-12-12

Above Food Ingredients Inc. (NASDAQ:ABVE) shares traded lower on Friday as investors weighed audit timing against improved profit expectations. The plant-based food company provided an update on its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2591884746?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/12/12/Side-View-Of-Concentrated-Crypto-Trader-_0.jpeg?optimize=medium&dpr=2&auto=webp&width=260","is_english":true,"pubTime":"2025-12-12 23:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2591884746","market":"hk","top_or_hot":-1,"title":"Why Is Above Food Stock Falling Today?","media":"Benzinga","content":"<div>\n<p>Above Food Ingredients Inc. (NASDAQ:ABVE) shares traded lower on Friday as investors weighed audit timing against improved profit expectations.\nThe plant-based food company provided an update on its ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/12/49364138/why-is-above-food-stock-falling-today\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Above Food Stock Falling Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Above Food Stock Falling Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-12 23:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/25/12/49364138/why-is-above-food-stock-falling-today><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Above Food Ingredients Inc. (NASDAQ:ABVE) shares traded lower on Friday as investors weighed audit timing against improved profit expectations.\nThe plant-based food company provided an update on its ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/12/49364138/why-is-above-food-stock-falling-today\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ABVE","symbol_name":"Above Food Ingredients Inc","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/12/49364138/why-is-above-food-stock-falling-today","article_id":"2591884746","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/12/Side-View-Of-Concentrated-Crypto-Trader-_0.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/equities/25/12/49364138/why-is-above-food-stock-falling-today","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2591884746","pubTimestamp":1765553520,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Above Food shares sank as investors focused on the delayed audit timeline and Nasdaq extension request, despite the company raising its profit outlook.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ABVE":"Above Food Ingredients Inc","BK4212":"包装食品与肉类"},"translate_title":"为什么以上食品股票今天下跌？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABVE":1},"content_text":"Above Food Ingredients Inc. (NASDAQ:ABVE) shares traded lower on Friday as investors weighed audit timing against improved profit expectations.\nThe plant-based food company provided an update on its financial review and restructuring progress.\nThe company said its audit work remains on track but now expects completion shortly after year-end.\nAlso Read: Above Food Eyes $30 Million Profit After Debt Reset\nAbove Food said auditors are continuing their work for the fiscal year ended Jan. 31, 2025. Management highlighted strong collaboration and industry expertise from the audit team.\nThe company said unexpected illness-related staffing issues slowed progress during recent weeks. Seasonal holidays also affected the revised completion schedule.\nAbove Food now expects to finalize the audit shortly after the start of the new year. The company said it has informed Nasdaq of the updated timeline.\nManagement also applied for a 180-day compliance extension under applicable exchange rules. The request follows standard procedures for delayed financial filings.\nAlongside audit work, Above Food continues restructuring operations with advisors and auditors. Management described the process as transformational.\nThe company said it expects to share results from the restructuring initiative in the near future. Leadership views the effort as critical to long-term stability.\nAbove Food enters the final month of its fiscal year ending Jan. 31, 2026, with improving financial visibility. Management now projects stronger profitability.\nThe company said it expected to exceed $40 million in profit for the current fiscal year. That outlook marks a sharp increase from earlier guidance.\nPreviously, management forecasted a profit of $30 million. The updated projection reflects operational changes and the benefits of restructuring.\nInvestors appeared cautious despite the raised outlook. Shares moved lower as markets focused on audit timing uncertainty.\nABVE Price Action: Above Food Ingredients shares were down 31.88% at $2.10 at the time of publication on Friday, according to Benzinga Pro data.\nRead Next:\nPhoto: Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2591884746","isCrawlerRequest":true}