Toast shares volatile after earnings miss, revenue beat

Investing.com -- Toast Inc fluctuated between gains and losses in after-hours trading as the company reported quarterly earnings that missed analyst expectations but posted a better-than-expected revenue.

The company posted fourth-quarter per share profit of $0.05, falling by $0.12 short of Wall Street estimates of $0.17

Revenue for the quarter came in at $1.34 billion, surpassing analysts’ expectations of $1.31 billion.

Toast (NYSE:TOST) for its first quarter, expects non-GAAP subscription services and financial technology solutions gross profit to be in the range of $385 million to $395 million, representing 27-30% growth from the prior year. The company also forecast adjusted EBITDA between $100 million and $110 million.

In 2024 "we added a record 28,000 net locations, grew our recurring gross profit streams1 34%, delivered Adjusted EBITDA of $373 million, and achieved our first year of GAAP profitability,” said Toast CEO in a statement.

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