Toast Q2 EPS $(0.19) Misses $(0.14) Estimate, Sales $978.00M Beat $939.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Toast (NYSE:TOST) reported Q2 losses of $(0.19) per share, missing the analyst consensus estimate of $(0.14) by 35.71%. This is a 72.73% decrease over losses from the same period last year. However, the company reported quarterly sales of $978.00 million, beating the analyst consensus estimate of $939.07 million by 4.15%, a 44.89% increase over sales from the same period last year.
August 08, 2023 | 8:08 pm
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Toast's Q2 earnings per share missed estimates by 35.71%, but sales beat estimates by 4.15%. This mixed result could lead to uncertainty in the market.
Toast's Q2 earnings per share missed estimates, which could negatively impact the stock. However, the company beat sales estimates, which could have a positive effect. The mixed results could lead to uncertainty in the market, potentially causing short-term volatility in the stock price.
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IMPORTANCE 80
RELEVANCE 100