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Toast Stock Slides On Q4 Earnings: The Details
Toast Inc. (NYSE: TOST) shares slid in after-hours trading despite the company beating Q4 revenue and EPS estimates. The company reported Q4 revenue of $1.63 billion and EPS of 16 cents, with annualized recurring run-rate growing 26% and Gross Payment Volume increasing 22%. Toast’s board also authorized a $500 million increase to its share repurchase program, but the stock was still down over 8% after hours.