Movement Alert｜Toast, Inc. Intraday Rise 5.37%, Q3 Earnings Beat and Higher Full-Year EBITDA Outlook Support Shares

Market Focus11-04

On November 4, Toast, Inc. rose 5.37% in Regular Trading, trading at $35.645 per share, with turnover of $178 million.

The move followed the company’s latest quarterly results, which showed revenue of $1.98 billion and EPS of $0.29, both above market expectations, alongside a higher full-year adjusted EBITDA outlook.

For the quarter ended September 30, revenue increased from $1.63 billion a year earlier to $1.98 billion, while diluted EPS improved from $0.16 to $0.29. Reported annual recurring revenue rose 24% to $2.5 billion and total payment volume increased 20% to $61.8 billion. The company also raised its full-year adjusted EBITDA guidance to $840 million-$850 million from $805 million-$825 million, while guiding fourth-quarter adjusted subscription services and financial technology solutions gross profit to $610 million-$620 million, up 22%-24% year over year.

(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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