Toast Announces Fourth Quarter and Full Year 2023 Financial Results
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Toast (TOST) shares leap 15% as job cuts offset soft results
February 15, 2024 4:22 PM EST(Updated - February 15, 2024 4:30 PM EST)
Toast Inc. (NYSE: TOST), a cloud-based restaurant software company, has seen its shares surge by 13% following the announcement of a significant restructuring plan that includes job cuts.
The company's fourth-quarter earnings revealed an adjusted EPS of ($0.07), falling short of the analyst consensus of $0.02. The revenue reached $1 billion, just below the expected $1.02 billion.
The restructuring... More
