Movement Alert｜Toast, Inc. Falls 5.16% in Pre-Market Trading, Q3 Results and FTC Lawsuit Keep Pressure on Shares

Market Focus11-04

On November 4, Toast, Inc. fell 5.16% in Pre-Market Trading, trading at $31.8 per share, with turnover of $0.7525 million.

The move followed the company’s latest quarterly release, which showed third-quarter revenue of $1.98 billion and EPS of $0.29, both modestly above consensus, while investor focus remained on profit quality, forward expectations, and an earlier FTC and multi-state lawsuit.

Additional disclosed metrics showed annual recurring revenue rising 24% to $2.5 billion and total payment volume increasing 20% to $61.8 billion. Toast guided fourth-quarter adjusted subscription services and financial technology solutions gross profit to $610 million-$620 million, up 22%-24%, and raised full-year adjusted EBITDA guidance to $840 million-$850 million from $805 million-$825 million. Even with those improvements, the recent regulatory action alleging improper fees, subscription, and cancellation practices has remained an overhang on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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