Shares of Toast Inc. were getting singed in Tuesday’s extended session after the maker of software and payments tools for the restaurant industry slightly lowered the upper range of its full-year revenue forecast, a move one analyst deemed “disappointing.”
The company also recorded adjusted earnings before interest, taxes, depreciation and amortization of $35 million, while analysts were expecting $20 million.“Our focus on balancing durable top-line growth with efficiency led to our seventh consecutive quarter of adjusted Ebitda margin expansion,” Chief Executive Chris Comparato said in a release.
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