BOSTON (AP) — BOSTON (AP) — Toast Inc. (TOST) on Tuesday reported a loss of $83 million in its first quarter.
On a per-share basis, the Boston-based company said it had a loss of 15 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The restaurant software provider posted revenue of $1.08 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.
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