Grand News Network | November 8, 2023

Toast Shares Are Getting Burnt Wednesday: What's Going On?

Toast Inc (NYSE: TOST) shares are trading lower Wednesday after the company reported third-quarter financial results and issued soft guidance

What Happened: Toast said third-quarter revenue grew 37% year-over-year to $1.032 billion, which beat the consensus estimate of $1.03 billion, according to Benzinga Pro. The company reported a quarterly loss of 9 cents per share, which beat estimates for a loss of 10 cents per share. 

Annualized recurring run-rate (ARR) was up ...

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