Recap: Toast Q3 Earnings
Portfolio Pulse from Benzinga Insights
Toast (NYSE:TOST) reported its Q3 earnings results, beating estimated earnings by 10.0% with an EPS of $-0.09 versus an estimate of $-0.1. Revenue was up $280.00 million from the same period last year. Last quarter, the company missed on EPS by $0.05, which was followed by a 14.64% increase in the share price the next day.
November 07, 2023 | 9:20 pm
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Toast's Q3 earnings beat estimates, with an EPS of $-0.09, a 10% improvement over estimates. Revenue increased by $280M YoY. Despite missing EPS estimates last quarter, the share price increased by 14.64%.
Toast's better-than-expected Q3 earnings and significant YoY revenue increase are positive indicators for the company's financial health. Despite missing EPS estimates last quarter, the share price increased significantly, suggesting investor confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100