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.
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