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MarketWatch
Toast stock dives after earnings, despite revenue beat
Shares of Toast Inc. (TOST) were getting slammed in premarket trading Thursday, though the maker of payment offerings and software for the restaurant industry topped revenue expectations for its latest quarter and issued an outlook that was largely in line with the consensus view. Toast logged a fourth-quarter net loss of $99 million, or 19 cents a share. For the first quarter, Toast expects revenue of $745 million to $775 million, along with a $20 million to $30 million loss on the basis of adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda).
