Toast Shares Slide After Beat
Nov 4, 2026
It's Benzinga, bringing Wall Street to Main Street.
Toast beat Wall Street's third quarter earnings and revenue estimates
and announced a planned CFO transition, according to Benzinga Pro.
The restaurant technology company
reported earnings of 29 cents per share,
topping expectations of 26 cents.
Revenue reached $1.98 billion, beating estimates of $1.97 billion.
Annual recurring revenue rose 24% to $2.5 billion,
while gross payment volume increased 20% to $61.8 billion.
Operating income climbed to $165 million
from $84 million a year earlier.
Toast also announced that President and CFO Elena Gomez will step down.
Senior Vice President of Finance, Michael Senno,
will succeed her as CFO on January 1st,
2027. Shares fell by 5.22% to $31.78
in Tuesday's extended trading,
according to data from Benzinga Pro.
For all things money, visit Benzinga.com.