Toast Shares Get Burned After Q2 Results
Portfolio Pulse from Erica Kollmann
Toast, Inc. (NYSE:TOST) shares fell after reporting Q2 earnings of 2 cents per share, beating estimates. Sales increased by 26.99% year-over-year to $1.242 billion. ARR and GPV also saw significant growth. Despite strong results, shares dropped 4.92% after-hours.
August 06, 2024 | 9:18 pm
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Toast, Inc. reported Q2 earnings of 2 cents per share, beating estimates. Sales increased by 26.99% year-over-year to $1.242 billion. Despite strong results, shares dropped 4.92% after-hours.
Despite beating earnings and sales estimates, the drop in share price suggests investor concerns, possibly about future growth or profit sustainability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100