Toast (TOST) delivered earnings and revenue surprises of 6.25% and 4.63%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Comprehensive Analysis of Toast's Financial Performance and Strategic Initiatives
Restaurant software platform Toast (NYSE:TOST) announced better-than-expected results in Q1 CY2024, with revenue up 31.3% year on year to $1.08 billion. It made a GAAP loss of $0.15 per share, improving from its loss of $0.15 per share in the same quarter last year.