Toast jumps on restructuring plan, Q4 revenue beat

Toast

15/02/2024 21:47

** Shares of restaurant software provider Toast  TOST.N  up
8.6% at $20.85 in extended trade
    ** Co announces restructuring plan, with layoffs impacting
~550 employees
    ** Also announces share repurchase program of up to $250 mln
of its Class A common stock
    ** Reports Q4 rev of $1.04 bln, slightly ahead of LSEG
estimate of $1.02 bln
    ** YTD stock up ~5% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))