TOST - Toast Stock Soars On Strong Q1 Earnings Optimistic Growth Prospects | Benzinga
Toast, Inc. (NYSE:TOST) witnessed a remarkable surge of nearly 14% in its share price Wednesday following the release of its first-quarter 2024 financial results.
What To Know: Toast, renowned for its all-in-one digital technology platform tailored for restaurants, reported robust performance for the quarter ended March 31 after the market close on Tuesday.
CEO and co-founder Aman Narang expressed satisfaction with the company’s strong start in 2024, highlighting significant achievements in scaling restaurant locations and driving annualized recurring run-rate (ARR) growth. Notable financial highlights for the first quarter included ARR reaching $1.3 billion, with gross payment volume (GPV) ...