Toast shares fall after fourth quarter earnings miss

Investing.com -- Toast Inc shares fell 5% in after-hours trading as the company reported quarterly earnings that missed analyst expectations. The company posted fourth-quarter per share profit of $0.05, falling by $0.12 short of Wall Street estimates of $0.17

But, 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.

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