Investing.com - Toast reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Toast announced earnings per share of $-0.19 on revenue of $752M. Analysts polled by Investing.com anticipated EPS of $-0.08 on revenue of $718.47M.
Toast shares are down 28.35% from the beginning of the year, still down 60.00% from its 52 week high of $50.00 set on November 11, 2021.
Toast follows other major Information Technology sector earnings this month
Toast's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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