Toast: Q1 Earnings Snapshot

BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Tuesday reported a loss of $81 million in its first quarter.

The Boston-based company said it had a loss of 16 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The restaurant software provider posted revenue of $819 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $757.8 million.

For the current quarter ending in June, Toast said it expects revenue in the range of $920 million to $950 million.

The company expects full-year revenue in the range of $3.71 billion to $3.8 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TOST at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up