Toast: Q2 Earnings Snapshot
BOSTON (AP) _ Toast Inc. (TOST) on Thursday reported a loss of $54 million in its second quarter.
On a per-share basis, the Boston-based company said it had a loss of 11 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The restaurant software provider posted revenue of $675 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $649.6 million.
For the current quarter ending in October, Toast said it expects revenue in the range of $700 million to $730 million.
The company expects full-year revenue in the range of $2.62 billion to $2.66 billion.