Toast: Q2 Earnings Snapshot

August 11, 2022 GMT

BOSTON (AP) _ Toast Inc. (TOST) on Thursday reported a loss of $54 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 11 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.

The restaurant software provider posted revenue of $675 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $649.6 million.

For the current quarter ending in October, Toast said it expects revenue in the range of $700 million to $730 million.

The company expects full-year revenue in the range of $2.62 billion to $2.66 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TOST at https://www.zacks.com/ap/TOST