Toast Sees Q4 Revenue $1B-$1.03B Vs $1.03B Est.; FY23 Revenue $3.83B-$3.86B Vs $3.86B Est.
Portfolio Pulse from Benzinga Newsdesk
Toast Inc. has provided its Q4 and FY23 revenue outlook. For Q4 ending December 31, 2023, the company expects revenue between $1.00 billion and $1.03 billion, and adjusted EBITDA between $5 million and $15 million. For FY23, Toast anticipates revenue in the range of $3.83 billion to $3.86 billion, and adjusted EBITDA between $38 million and $48 million.
November 08, 2023 | 1:24 am
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NEUTRAL IMPACT
Toast Inc. has provided its Q4 and FY23 revenue outlook, which is in line with estimates. This could potentially stabilize the company's stock price in the short term.
Toast's revenue outlook for Q4 and FY23 is in line with estimates, which indicates that the company's performance is as expected. This could potentially stabilize the company's stock price in the short term as it reduces uncertainty for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100