7 November 2023

Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+ (Emily Bary/MarketWatch)

Emily Bary / MarketWatch:
Toast reports Q3 revenue up 37% YoY to $1.03B, matching estimates, and lowers the upper range of its FY 2023 revenue forecast; TOST drops 18%+  —  Profit outlook moves higher, but one analyst is concerned about the new top-line forecast  —  Shares of Toast Inc. were getting singed …

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