Toast Inc.’s inventory popped increased in after-hours buying and selling Thursday after the corporate posted robust quarterly gross sales.
The cloud-based restaurant-management software program firm
TOST,
reported a fiscal fourth-quarter web lack of $36 million, or 7 cents a share, in contrast with a web lack of $99 million, or 19 cents a share, in the identical quarter a 12 months in the past.
Revenue climbed 35% to $1.04 billion from $769 million within the year-ago quarter.
Analysts surveyed by FactSet had anticipated on common web earnings of three cents a share on income of $1.02 billion.
After initially leaping 16% instantly following its outcomes, Toast shares ended Thursday’s after-hours session up 6%.
Shares of Toast are down 4% over the previous 12 months, whereas the broader S&P 500 index
SPX
has elevated 23%.
Source web site: www.marketwatch.com
