Toast Stock Pops After Hours On Q4 Performance - Here's Why
Portfolio Pulse from Erica Kollmann
Toast, Inc. (NYSE:TOST) shares surged in after-hours trading following its Q4 earnings report, which exceeded analyst expectations. The company reported a smaller-than-expected quarterly loss of 7 cents per share and sales of $1.04 billion, surpassing estimates. Additionally, Toast announced a $250 million share repurchase program and provided optimistic guidance for Q1 and full-year 2024, forecasting significant growth in gross profit and adjusted EBITDA.
February 15, 2024 | 9:54 pm
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Toast, Inc. reported better-than-expected Q4 earnings, announced a $250 million share repurchase program, and provided a positive outlook for 2024.
Toast's Q4 earnings beat, coupled with a share repurchase program and optimistic future guidance, are likely to positively impact investor sentiment and the stock price in the short term. The company's performance and strategic financial moves indicate strong business health and growth prospects, which typically lead to increased investor confidence and stock demand.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100